Morning star pattern

A Morning Star pattern is a bullish reversal candlestick pattern that typically forms at the end of a downtrend, signaling the beginning of an uptrend. It consists of three candles — the first is a long bearish (red) candle showing strong selling pressure, the second is a small-bodied candle (which can be bullish or bearish) that shows indecision or a pause in the downtrend, and the third is a long bullish (green) candle that closes well into the body of the first candle, confirming buyers have regained control. This pattern represents a shift in market sentiment from bearish to bullish and is more reliable when supported by higher trading volume or other technical confirmations.