“Star” is a three candle pattern that acts primarily as a reversal pattern. Generally, the first candle is a long one in favour of the prevailing trend and the second candle is a candle with a small body (color neutral) closing above the range of the first candle. The last candle is another large one with the counter-trend color, opening in the middle of or below the second candle and closing around the centre or low of the first candle.

The Morning Star is the bullish version where the first candle is white and the third candle is black.

The Evening Star is the bearish version where the first candle is black and the third candle is white.

Most Used Trends of Star Pattern

Morning Pattern

Morning star

Evening Pattern

Evening starz

Morning Star Pattern

Morning Star is one of the best performing bullish reversal patterns but it should be used to catch the end of a short term or intermediate correction in a major bull run. In those cases, the pattern gives a positive result in 3 out of 4 cases.

Evening Star Pattern

Evening Star is one of the best performing bearish reversal patterns but just like the bullish version, may be trusted more if the major trend is in favour.

Demo Account Form