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What type of trend did this morning star pattern occur at?

a) Uptrend
b) Downtrend
c) Sideways trend
d) No specific trend

User Genfood
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1 Answer

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Final answer:

The morning star pattern is a bullish reversal pattern that occurs at the end of a downtrend, indicating a potential uptrend.

Step-by-step explanation:

The morning star pattern is a bullish reversal pattern that occurs at the end of a downtrend. It consists of three candlesticks: a long bearish candlestick, followed by a small bearish or bullish candlestick, and then a long bullish candlestick.

The morning star pattern indicates that the bearish momentum is weakening and that a potential trend reversal is likely to occur. Therefore, the correct answer is a) Uptrend.

User Rieljun Liguid
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