Tag: Candlestick Pattern
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How To Identify Morning Star Candlestick Pattern
Introduction Morning Star Candlestick Pattern is a bullish reversal pattern formed by a tall red body candlestick, a second candle with a small red body that gaps below the first red body to form a doji, and a third green candle that closes well into the first red candle. It was Steve Nison who popularised…
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What Happens After Formation Of Marubozu Candlestick Pattern
What is Marubozu Candlestick Pattern Marubozu is a Japanese word that means Dominance. Thus, it is an extremely powerful candlestick that depicts change in trend. The Marubozu Pattern is interpreted by traders as a clear sign that the preceding downturn or upturn is coming to an end and the trend is about to reverse. It…
