The Morning Star candle is a popular forex trading pattern that signals a bottom in the market and possible reversal. Find out more...
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that appears at the bottom of a downtrend. It reveals a slowing down of downward momentum before a large bullish move lays the foundation for a new uptrend.Traders will often look for signs of indecision in the market where selling pressure subsides and leaves the market somewhat flat. This is wherecan be observed as the market opens and closes at the same level or very close to the same level.
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