CFD UK 100 Candlestick
CFD UK 100 Candlestick
The Morning Star price action trading CFD UK 100 candlestick
The Morning Star Candlestick Pattern is made up of 3 candles
1st candlestick long black followed by a short white or black candle which is then followed by a long white candle.
And you have to wait close of the third candle that is at least 50% way up the body of the first candle.
When you found in a downtrend, this pattern can be a powerful reversal pattern.
Powerful selling into the downtrend in the period which forms the first black candle, then a period of lower trading but with a reduced range which forms the second period.
So important point is wait next candlestick close price position.
CFD UK 100 Candlestick
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