Three River Morning Star Pattern Explained



📌 Pattern Characteristics
The Three River Morning Star is a classic reversal pattern, consisting of three candlesticks that typically appear at the end of a downtrend, signaling a potential bullish reversal:
1️⃣ First Candle: Long bearish candle.
2️⃣ Second Candle: Small-bodied star.
3️⃣ Third Candle: Long bullish candle.
📌 Market Implications
This pattern suggests exhaustion of sellers and a shift in control to buyers.
The star candle is critical—the smaller the body and longer the wicks, the stronger the reversal signal.
📌 Trading Tips
Validate with volume (higher volume on the third candle adds credibility).
More reliable when appearing near key support levels or oversold conditions.
If the third candle fails to cover 50% of the first candle’s length, the rebound may be weak.

Have you spotted this pattern in your trades? Share the pattern below!
NEAR-0.26%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
StateOfMindvip
· 06-06 12:12
Have you ever noticed this pattern in trading? Please share this pattern below!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)