[Summary]
Mikawa Ake no Myojo is a candlestick pattern that is said to indicate a bottoming out when it appears in the low range of a declining market.
We will look at the three currents of the Yin line, the small foot, and the Yang line to see if the selling momentum has weakened and the buying has started to return.
What is Mikawa Akira's star?
Mikawa Akira no Myojo is an expression that sees the Morning Star in the context of Sakata Goho.
The basic flow is as follows.
- A dark line appears in a down market
- Selling takes a lull as small feet emerge
- The positive line appears and buyback enters.
If the price goes out in the low range, it is easy to think that the end of the downtrend is near. However, the reversal is confirmed after the third run.
Points to see
| Points to see | meaning |
|---|---|
| exit in the low price range | Bottoming candidate |
| The third is a large positive line | Strong repurchase |
| Volume increases | Increases reliability of reversal |
| Bad material is exhausted | likely to lead to backlash |
Summary
Mikawa's star is a pattern that indicates the possibility that selling has come to an end and buying has begun to return.
To determine bottoming, we look at the volume and the continuity of the next bar. Even if a positive line appears, if the price immediately drops below the low, the price will lose its shape.