Trade Forex Trading

Morning Star Candle-stick Pattern - Engulfing Candle-sticks Patterns

Morning Star Bullish Candlestick - Evening Star Bearish Candlestick - Bullish and Bearish Engulfing Candlesticks Pattern

Morning Star Candle

Morning Star Bullish Candlesticks Pattern - Morning Star Bullish Candlestick Setups

Morning Star Candle Pattern

Analysis of Morning Star Trading Pattern

Morning star candlestick pattern is a three day bullish reversal pattern.

First day is a long black candle-stick.

Second day is a morning star that gaps away from the long black candle.

Third day is a long white candlestick that fills the trading gap.

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

Traders should open a buy trade after market 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 Trading Candle-stick

Opposite of the morning star

Evening Star Candle Chart Pattern - Evening Star Bearish Candlesticks Setup - Morning Star Bullish Candle Patterns

Evening Star Candle-stick Pattern

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Analysis of Evening Star Candle-stick Pattern

Evening star candlestick pattern is a three day bearish reversal pattern.

The first day is a long white candle.

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

Third day is a long black candlestick that fills the trading gap.

Filling of the gap and closing of the black candle below the gap is a strong bearish signal.

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

Engulfing Pattern

Engulfing is a reversal candlestick pattern which can be bearish or bullish depending upon whether it appears at the end of a market downward--trenddowntrend or at the end of a market upwards--trenduptrend.

Engulfing Candlestick Setup on Chart

Bullish & Bearish Engulfing Pattern

Analysis of Bullish & Bearish Engulfing Candle-stick Patterns

The color of the first candle indicates the trend of the day.

The second candle-stick should completely engulf the first candle & the candle-stick should have the opposite color.

For Bullish Engulfing Candlestick the color of the candle should be Blue

For Bearish Engulfing Candlestick the color of the candle should be Red