You won't see many better looking morning star patterns than this:
Morning Star on the Nasdaq
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Today, 21st Century Alert pointed out the Morning Star candle formation on S&P 500 chart. Trader Mike did the same for Nasdaq Composite. Major indices are slightly up in pre-market at the moment. One question remains: if everyone is bullish, may the ... Read More
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Essential Reading
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Lovely!
Now let's see whether this can be a springboard for *finally* putting this resistance at 2100 behind us.
Also note the QQQQ made a perfect bounce off the 50DMA with its morning star.
Nice chart Mike. Speaking of a similar pattern look at that possible morning doji star on ADSK. The doji body is a little long but pretty close.
morning star indeed.
the reversal bar from today was done on relatively low volume compare to the down bar from 2 days ago. if the big boys sold it hard 2 days ago, they wouldn't mind doing it again at the same price.
A morning star is a reversal pattern. If a I remember correctly, if should be taken in consideration after a down movement, not after a lateral movement.