Trader's Logbook

ORE went down due to bad news but it seems it didn’t hurt ORE that much. Yesterday we saw a long red candlestick and today a green spinning top type of candlestick. Looks like ORE is poised to create a Morning Star pattern soon?

A Morning Star is a formation that involves 1 large red candlestick and “stars” in between with the last being a green candlestick that closes well into the first candlestick’s real body. We don’t have yet the formation but let us see if it will develop to that soon. Morning Star is a bullish formation with high reliability.

Caveat!