Is Morning Star Stock Indices Candlestick Pattern Bullish or Bearish?
Morning Star Bullish Reversal Candlesticks Pattern
Morning Star Pattern Indices Candlestick Pattern
Morning star candlesticks pattern is a three day bullish reversal indices pattern.
The first day is a long black candlestick.
The second day is a morning star candlestick that gaps away from the long black candlestick.
Third day is a long white candlestick that fills the gap.
The filling of the gap and closing of the white candlestick above the gap is a strong bullish indices signal.
Traders should open a buy indices trade after market stock indices price closes above the gap formation of the morning star stock indices candlesticks pattern. This is the confirmation signal of a buy stock indices signal generated by this indices trading Morning star candlesticks pattern.