Morning Star - Reversal Setup

🔎 Overview

The Morning Star is a three-candle bullish reversal pattern that forms at a swing low after a downtrend.
• 1st Candle → Long bearish red candle (sellers in control).
• 2nd Candle → Small-bodied / Doji candle (indecision).
• 3rd Candle → Strong bullish green candle closing above the midpoint of the 1st red candle (buyers take control).
This structure signals a possible bullish reversal with clear validation & devalidation rule

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🛠 How to Use

• Validation Line → High of bullish candle = breakout confirmation level.
• Devalidation Line → Low of Doji candle = failure protection.
• Entry Rule → Candle close above Validation Line = Bullish Confirmation.
• Failure Rule → Candle close below Devalidation Line (before validation) = Pattern invalidated.
• Forms at swing low
• Protects against false signals & ensures structured risk management.

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📊 Chart Explanation

• Symbol → BOMDYEING Bombay Dyeing & Manufacturing Co. Ltd.
• Timeframe → 4H
• Pattern Confirmation → Morning Star identified & validated.
• Validation Level → 168.24
• Devalidation Level → 163.00
• On 1 Oct 2025, price closed above validation level, confirming the bullish reversel

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🔎 Observations & Conclusion

The Morning Star provides a reliable bullish reversal framework.
With validation & devalidation levels, it filters false signals and enables disciplined risk-reward setups

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⚠️ Disclaimer
📘 For educational purposes only.
🙅 Not SEBI registered.
❌ Not a buy/sell recommendation.
🧠 Purely a learning resource.
📊 Not Financial Advice.