Bullish Engulfing and Morning star pattern
Bullish engulfing appeears at the bottom of a down trend and indicates a reversal in trend. Key features of a proper bullish engulfing is given below
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Morning star pattern
A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. The bullish candle should close near the high
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