Types of Engulfing Commodities Trading Candlestick

Bearish Engulfing Commodities Candlestick in an Up Commodity Trading trend

Engulfing Candle Pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at end of a down commodity trend or at the end of a commodity upwards trend.

Bullish Engulfing Candlestick Pattern - Bearish Engulfing Candle Pattern

Bearish Engulfing Commodities Candlestick in an Up Commodity Trading trend

Color of the first candle-stick indicates the commodity trend of the day.

The second candlestick should completely engulf the first candle-stick and it should have the opposite color.

For Bullish Engulfing the color of the candlestick should be Blue

For Bearish Engulfing the color of the candlestick should be Red

Bullish Commodities Candlestick Patterns Tutorial - Types of Engulfing Candlestick Patterns - Bearish Engulfing Commodities Candlestick in an Up Commodity Trading trend

Engulfing Candles Patterns

Morning Star Candlestick Pattern

Morning Star Candle Pattern

Morning Star Candle Pattern

Morning star is a 3 day bullish reversal candle pattern.

The first day is a long black candle.

The second day is a morning star which gaps away from the long black candle.

Third day is a long white candle which fills the gap.

Filling of the gap & closing of the white candle stick above the gap is a strong bullish commodity signal.

Traders should open a buy commodity trade after market commodity price closes above the gap formation of the morning star. This is confirmation signal of a buy signal generated by this candle sticks pattern.

Evening Star Candlestick Pattern

Opposite of the morning star

Evening Star Candlestick Pattern

Evening Star Candle Pattern

Evening star is a 3 day bearish reversal candle pattern.

First day is a long white candlestick.

The second day is evening star that gaps away from the long white candlestick.

Third day is a long black candle-stick which fills the gap.

Filling of the gap & closing of the black candle-stick below the gap is a strong bearish commodity signal.

Traders should open a sell commodity trade once the commodities trading market closes below gap formation of the evening star. This is confirmation signal of a sell signal generated by this commodity candle pattern.