• Deepak

Demand and Supply - Basics - Candlestick reversal patterns - Morning / Evening Star

•This pattern is made by a doji pin bar sandwiched between two full-bodied candles.

•Demand / Supply psychology (Morning Star) –

- Market is in down trend making lower lows

- In its final push it catapult with force pulling in more sellers

- Next candle price opens lower and buyers emerge. They don’t allow the sellers any further ground making a doji

- Finally sellers loose hope by next candle and buyers make a sharp comeback

•This pattern has higher probability of winning when seen at previous support / resistances and with high volumes on first and second candle.

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