CANDLESTICK OF THE DAY: 5/16 Morning
Star
This candlestick's pattern is more complex simply because it is made up of three candlesticks:
1- A long red candle
2- A short-bodied candle
3- A long green one.
The morning star pattern suggests that the first period's selling pressure is fading, and a bull market is forming.
Study the image attached for graphical understanding!
So, what do you do when you see this kind of pattern being formed?
Star
This candlestick's pattern is more complex simply because it is made up of three candlesticks:
1- A long red candle
2- A short-bodied candle
3- A long green one.
The morning star pattern suggests that the first period's selling pressure is fading, and a bull market is forming.
Study the image attached for graphical understanding!
So, what do you do when you see this kind of pattern being formed?
