Morning Star Candlestick Pattern

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Morning Star Candlestick Pattern	A Three-Candle-Stick Pattern The morning star candlestick pattern forms after a two day decline of price. The first two candlesticks form a bullish star pattern. The third day is strongly bullish and confirms the price reversal. This pattern is a strong signal of a bullish price reversal. Requires no confirmation. more candlestick pattern resouces
IBM(International Business Machines Corp.) developed a morning star candlestick pattern on Sep. 10, 2009 . IBM's price went from $116.00 on Sep. 18, 2009 to $122.50 on Sep 30, 2009. A 5% increase.

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