MORNING STAR
A bullish candlestick pattern which comprises of three candles showing the characteristics below:
- First Bar - huge red candlestick located within a fixed downtrend
- Second Bar - a candle with small body, either red or white, that closes below the first bar
- Last Bar - huge white candle that opens above the middle candle and closes near the middle of the first bar’s body
As displayed by the chart, this pattern is employed by traders as an early warning the downtrend is about to flip.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Aug | |
| 11:00 | Ifo Business Climate Index | Oct | |
| 11:00 | Ifo Current Assessment | Oct | |
| 11:00 | IFO - Expectations | Oct | |
| 13:00 | CBI retail sales volume balance | Oct | |
| 01:50 | Corporate Service Price Index | Sep | |
| 02:01 | BRC Shop Price Index | Oct | |
| 07:00 | BOJ Core CPI | Sep | |
| 10:00 | Unemployment Rate | 3 quarter |
