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How to Identify Morning Star.
Morning star is one of my favourite candlestick patterns.
You could say its like the abandoned baby but the slight difference is in the overlapping part of body and wick.
It is essential to know that morning star signifies a trend reversal or basically as I like to say “fatigue in bears”.
Now it is not alone enough or smart to take trade only based on morning star, we must use it with a volume indicator.
For example used with RSI volume it generates lethal signals and gives good confirmation.
👉 @MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #education #morningstar #candlestickpatterns
Morning star is one of my favourite candlestick patterns.
You could say its like the abandoned baby but the slight difference is in the overlapping part of body and wick.
It is essential to know that morning star signifies a trend reversal or basically as I like to say “fatigue in bears”.
Now it is not alone enough or smart to take trade only based on morning star, we must use it with a volume indicator.
For example used with RSI volume it generates lethal signals and gives good confirmation.
👉 @MichelleToro ☀️ @CryptoWorldTina 🇨🇭 #education #morningstar #candlestickpatterns