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The third candle of a morning star pattern is?

a) Bullish and small-bodied
b) Bullish and long-bodied
c) Bearish and long-bodied
d) Doji or spinning top

1 Answer

6 votes

Final answer:

The third candle of a morning star pattern is typically bullish and small-bodied.

Step-by-step explanation:

The third candle of a morning star pattern is usually bullish and small-bodied. A morning star pattern is a three-candlestick reversal pattern that appears during a downtrend. The first candle is bearish, the second candle is a small-bodied candle that can have various shapes, and the third candle is a bullish candle that closes above the halfway point of the first candle.

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