The Engulfing Trader PDF
Engulfing Candle-stick Pattern
Engulfing Candle Pattern is a reversal candle pattern that can be bearish or bullish depending upon whether it shows up at the end of a downward trend or at the end of a upwards trend.
Bullish Engulfing Candle-stick Pattern - Bearish Engulfing Candle-stick Pattern
Technical Analysis of
The colour of first candle indicates trend of day.
The second candle should completely engulf the first candlestick and it should have opposite color.
For Bullish Engulfing the colour of candle should be Blue
For Bearish Engulfing the colour of candle should be Red
Engulfing Candlestick Strategy - Engulfing Candlestick Rules - Bullish Candlestick Patterns PDF - Types of Engulfing Candle Indicator Patterns
Evening Star Candlestick Pattern
Morning Star Candle Pattern
Morning Star Candlestick Pattern
Morning Star Candlestick Pattern
Morning star candle-stick pattern is a three day bullish reversal candle stick pattern.
First day is a long black candlestick.
The second day is morning star which gaps away from the long black candlestick.
Third day is a long white gold candle that fills the trading gap.
Filling of the gap & closing of the white candle above the trading gap is a strong bullish gold signal.
Traders should open a buy trade after market price closes above the gap formation of morning star candlestick pattern. This is the confirmation signal of a buy signal generated by this gold candles pattern.
Evening Star Candle Pattern
Opposite of the morning star
Evening Star Candlestick Pattern
Evening Star Candle Pattern
Evening star is a 3 day bearish reversal candle stick pattern.
First day is a long white candlestick.
Second day is the evening star that gaps away from long white candlestick.
Third day is a long black gold candle that fills the trading gap.
Filling of the gap and closing of the black candlestick below the gap is a strong bearish gold signal.
Traders should open a sell trade once the market closes below the trading gap formation of the evening star candlestick pattern. This is the confirmation signal of a sell signal generated by this gold candle pattern.
