Gauging Where the Market Is Headed

If you're unsure about where the broader market is headed in the short-term, you may want to wait for the below candlestick formations to play out -- they may provide some hint.

The underlying price action of the morning star pattern reflects a little more than a bounce, but a little less than a base. It is a three-day bullish reversal pattern that forms in downtrends, usually at support areas or key moving averages. The first component of the formation is a large dark candle with a close near the lower end of the range, followed by a candle with a narrow opening and closing range, often a doji candle. The pattern is completed by a large white candle with a close near the upper candle range....264 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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