Engulfing Candles Patterns
Evening Star Bearish Commodities Trading Candle Patterns
Morning Star Candle Pattern
Morning Star Candle Pattern
Morning Star Candlestick Pattern
Morning star is a three day bullish reversal trading 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 Trading 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 Morning Star Candlestick pattern.
Evening Star Candlestick Pattern
Opposite of the morning star
Evening Star Candlestick Pattern
Evening Star Candle Pattern
Evening star is a three day bearish reversal trading 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 Trading 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 Evening star candle pattern.
Engulfing Pattern
Engulfing is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a market down commodity trend or at the end of a market upward commodities trend.
Bullish & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
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
