The Morning Star is a three-candle bullish reversal pattern that forms at the bottom of a downtrend. The first candle is a long bearish (red) candle confirming the existing downtrend. The second candle is a small-bodied candle often a Doji or spinning top that gaps down from the first, reflecting indecision and weakening selling pressure. The third candle is a strong bullish (green) candle that closes well into the body of the first candle, signalling that buyers have taken control. The Morning Star is one of the more reliable candlestick reversal signals, particularly when it forms at a key support level or after a sharp decline in Indian equity or index charts, with a volume surge on the third candle adding further conviction.
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