Morning Star Candlestick

Bullish candlestick pattern made up of three candlesticks: a large red candle, a small green with a long lower shadow (the color of the candle can be either green or red), and a large green candle. A morning star develops at the end of downtrend and marks the beginning of a reversal. It indicates a change in the prior price trend. A drop in a price downtrend and the appearance of evening star patterns both indicate that the uptrend is about to end. The evening star pattern, which is seen as a bearish indication, is the opposite of the morning star pattern.