{"id":75,"date":"2009-12-31T09:28:11","date_gmt":"2009-12-31T15:28:11","guid":{"rendered":"http:\/\/www.stockhideout.com\/stock-blog\/?p=75"},"modified":"2009-12-31T09:28:11","modified_gmt":"2009-12-31T15:28:11","slug":"bullish-morning-star-pattern","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/learn\/bullish-morning-star-pattern\/","title":{"rendered":"Bullish Morning Star Pattern"},"content":{"rendered":"<p><a href=\"http:\/\/thestockmarketwatch.com\/learn-stock-market\/wp-content\/uploads\/2009\/12\/bullish-morning-star.gif\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/thestockmarketwatch.com\/learn-stock-market\/wp-content\/uploads\/2009\/12\/bullish-morning-star.gif\" alt=\"\" title=\"bullish-morning-star\" width=\"255\" height=\"278\" class=\"aligncenter size-full wp-image-341\" \/><\/a><\/p>\n<p>This is a three-candlestick formation that signals a major bottom. It is composed of a first long black body, a second small real body, white or black, gapping lower to form a star. These two candlesticks define a basic star pattern. The third is a white candlestick that closes well into the first session\u2019s black real body. Third candlestick shows that the market turned bullish now.<\/p>\n<p><strong>Recognition Criteria:<\/strong><\/p>\n<p>1. Market is characterized by downtrend.<br \/>\n2. We see a long black candlestick in the first day.<br \/>\n3. Then we see a small body on the second day gapping in the direction of the previous downtrend.<br \/>\n4. Finally we see a white candlestick on the third day.<\/p>\n<p><strong>Explanation:<\/strong><\/p>\n<p>We see the black body in a falling market suggesting that the bears are in command. Then a small real body appears implying the incapacity of sellers to drive the market lower. The strong white body of third day proves that bulls have taken over. An ideal <strong>Bullish Morning Star Pattern<\/strong> preferably has a gap before and after the middle candlestick. The second gap is rare, but lack of it does not take away from the power of this formation.<\/p>\n<p><strong>Important Factors:<\/strong><\/p>\n<p>The stars may be more than one, two or even three.<\/p>\n<p>The color of the star and its gaps are not important.<\/p>\n<p>The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a three-candlestick formation that signals a major bottom. It is composed of a first long black body, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[12,8,4],"tags":[],"class_list":["post-75","post","type-post","status-publish","format-standard","hentry","category-bullish-candlesticks","category-candlestick-charts","category-learn-stock-charts"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/75","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/comments?post=75"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/75\/revisions"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/media?parent=75"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/categories?post=75"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/tags?post=75"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}