15 · MORNING & EVENING STAR

Three-candle reversals

The Family

• Morning Star — long decline, small gapped body, long recovery past the midpoint — bullish once confirmed.
• Evening Star — the same grammar at a high — bearish once confirmed.
• Doji Star — the middle candle is a true doji — a louder version of either.
• Abandoned Baby — the rare form where the middle candle's range gaps clear on both sides.

How to Read It

• ANATOMY — long body · gap · small body · gap · long body closing ≥50% back into candle one.
• ADDRESS — only after a real leg, at a level with memory.
• ANSWER — the third candle's close IS the confirmation; no fourth candle required.
• STOP — below the whole formation's low: the price where the story dies.

The One Rule

The third candle is the verdict. No gap, no small middle body, or under 50% penetration — no star.

Educational content on classic market theory — not trading advice.