How to identify

1.   A downtrend is under way 2.   First day is a long black day 3.   Second day is a small day that gaps in the direction of the previous trend 4.   The third day is a white day and gaps up 5.   It appears after or during a downtrend

The Morning Star bull takes place after or during a downtrend and is assisted by a long black candlestick. There is little doubt about the downtrend continuing with this type of action. The next day prices gap lower on the open, trade within a small range and close near their open. This small body shows the beginning of indecision and lack of confidence in the current trend. This scenario generally shows the potential for a rally, as many positions have been changed. The next day prices gap higher on the open and then close much higher. A significant reversal of trend has occurred. Confirmation of the trend reversal is given by the white third day.

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