The Morning Star Pattern appears after a downtrend, hinting at a bullish reversal. With three candles, this pattern is considered reliable when followed by high trading volume.
Key Features: 1-Three candles: bearish, small-bodied (neutral), and bullish. 2-Indicates a trend reversal from bearish to bullish.
Pros: 1-Strong signal of trend reversal. 2-Clear pattern for bullish sentiment.
Cons: 1-Needs volume confirmation for accuracy. 2-Less effective in highly volatile markets.
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