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Crypto · candlestick pattern

Morning star on Optimism

On Optimism the morning star showed up 24 times. The target came first 17% of the time, the stop 79%, and 4% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour40%100%0%
Hourly1921%74%5%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism2417%79%4%
All Crypto charts66134%54%12%
Every market98636%54%10%

Year by year

YearFoundTarget firstStop first
2023633%67%
2024520%80%
2025617%83%
202670%86%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the morning star is

A big fall, a pause, then a strong rise. The night is ending.

Think of the night, then the quiet grey of dawn, then the sun rising. A morning star is three candles like that: a big red candle, a tiny pause candle, then a strong green candle. The dark part of the chart might be ending.

The full morning star lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The morning star elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the morning star work on Optimism?

In 24 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 17% of the time and the stop came first 79%; 4% went nowhere within 12 candles.

What is the morning star?

A big fall, a pause, then a strong rise. The night is ending.