Wednesday, December 10, 2008

reversal pattern


Forexgen and the Morning Star is a reversal pattern which is composed of a long black body, a star gaps away from the black body, and a long white body. The third candle is the confirmation of the reversal. It is named because it appears in the morning before the sun rises.

Recognition Criteria:

  • The first day is a long black day.
  • The second day is a star gaps away from the first day.
  • The third day is a long white body that gaps up from the prior star.

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