๐Ÿ•ฏ๏ธ CANDLESTICK PATTERNS ยท STRATEGY TEMPLATE

Morning / Evening
Star

Three-candle reversal patterns. Morning Star (bullish reversal at bottom) and Evening Star (bearish reversal at top) are among the most reliable candlestick patterns.

Candlestick4Hโ€“Daily2:1 R:RLow Risk
68%
Win Rate
2.2:1
Avg R:R
2-4
Trades/Week

Rules & Configuration

The full rule set, required indicators, suggested configuration, execution flow, and performance parameters for the Morning / Evening Star setup.

Three-candle reversal patterns. Morning Star (bullish reversal at bottom) and Evening Star (bearish reversal at top) are among the most reliable candlestick patterns.

Candlestick ScannerS/R DetectionVolume
โญ Morning Star (Long)
  • Candle 1: Large bearish candle in downtrend
  • Candle 2: Small body (Doji/Spinning Top) with gap down
  • Candle 3: Large bullish candle closing above midpoint of Candle 1
  • Must occur at key support level
  • Volume should increase on Candle 3
๐ŸŒ™ Evening Star (Short)
  • Candle 1: Large bullish candle in uptrend
  • Candle 2: Small body with gap up
  • Candle 3: Large bearish candle closing below midpoint of Candle 1
  • Must occur at key resistance level
68%
Win Rate
2.2:1
Avg R:R
2-4
Trades/Week
๐Ÿ’ก Pro Tip

When the middle candle is a Doji (open = close), the pattern is called a Doji Star and carries even higher probability.

More Candlestick Patterns Strategies

๐ŸŽ–๏ธ Three Soldiers / Three Crows โœ๏ธ Doji Reversal System ๐Ÿ”จ Hammer at Support โš”๏ธ Three White Soldiers Momentum