The Morning star is consists of three daily entries and also known as the Three River Morning Star. A doji or small candlestick can appear as a star by gapping either above or below the prior candlestick's real body.

          Morning star is a reversal pattern which is developed by a first day long black candlestick, followed by a second star candlestick which gaps away from the black body, the third day long white candlestick must gap above the body of the star. The third day candlestick must be a long white candlestick and closes significantly into the first day long black candlestick.

        The Morning star reflects a V-bottom reversal formation or bottom reversal indicator if the other technical condition confirm. Upon the completion of the Morning star candlestick, the pattern confirms the exhaustion gap at the bottom of the trend and the signal is to buy aggressively. This will continue to push the market price upward and may initiate a bullish price move.

Important Criteria :

• The first day candlestick must be a long black candlestick.
• The second day is a doji or small candlestick which gap away from the first day.
• The colour of the star is not important.
• The third day candlestick is a long white candlestick that gaps above the prior star and closes significantly into the first day long black candlestick.
• Occurs in the extreme of downtrend.

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