TA Education 11|Multi-Candlestick Patterns: What Does SNDK’s K-Line Signal?
@Tiger_Academy:
Welcome to our technical analysis column. Let’s start K-Line (Candlesticks) Part 2: Multi-Candlestick Patterns for Trend Reversals1. "Morning Star" & "Evening Star": Three-Candle Reversal SignalsThese are among the most reliable reversal patterns because they unfold in three distinct stages: Trend → Indecision → Reversal.A. Morning Star (Bullish Bottom Reversal)The Pattern: Occurs at the bottom of a downtrend.First Candle: A long bearish candle (Selling continues).Second Candle: A small-bodied "Star" (or Doji) that gaps down below the first candle. Color doesn't matter; the small size indicates the selling pressure has stalled.Third Candle: A long bullish candle that rallies to close deeply into the first candle's body (preferably above the midpoint).Interpretation: The first candle sh