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Posts by
reesewrenley
Trading as a master trader
in
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Aug 22, 2024 at 11:32
The Morning Star candlestick pattern is a strong reversal signal, but it works best when combined with technical and fundamental analysis.Technical Analysis: I look at support and resistance levels, trend lines, moving averages, RSI, and volume to confirm the pattern's strength.Fundamental Analysis: I evaluate the company’s earnings, news, market conditions, and economic indicators to ensure the broader picture aligns with the technical signal.Both analyses together provide a more reliable basis for decisions.
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