Morning Star Candle Pattern - Engulfing Candle-sticks Patterns
Morning Star Bullish Candlestick - Evening Star Bearish Candlestick - Bullish and Bearish Engulfing Candlesticks Pattern
Morning Star Candle
Morning Star Candle Pattern
Analysis of Morning Star Trading Pattern
Morning star candlestick pattern is a 3 day bullish price reversal trading pattern.
First day is a long black candlestick.
Second day is a morning star that gaps away from the long black candlestick.
Third day is a long white candle that fills the gap.
Filling of the gap and closing of the white candle above the market gap is a strong bullish signal.
Traders should open a buy position after the price closes above the gap setup formation of the morning star pattern. This is confirmation signal of a buy signal derived/generated by this Morning Star Candlestick pattern.
Evening Star Trading Candle-stick
Opposite of the morning star
Evening Star Candlestick Pattern
Analysis of Evening Star Candlestick Pattern
Evening star candle pattern is a 3 day bearish market reversal trading pattern.
The 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 that fills the gap.
Filling of the gap and closing of the black candle below the gap is a strong bearish signal.
Traders and Investors should open/execute a sell position once the market closes below the trading gap formation of the evening star. This is confirmation signal of a sell signal generated/derived by this Evening star candlestick pattern.
Engulfing Pattern
Engulfing is a reversal candle pattern which can be bearish or bullish depending upon whether it occurs at the end of a market downwards trend or at the end of a market upwards trend.
Bullish and Bearish Engulfing Pattern
Analysis of Bullish and Bearish Engulfing Candlestick Patterns
The color of the first candlestick reflects the market trend of the day.
The second candlestick should completely engulf the first candle & the candle-stick should have the in the opposite trend colour.
For Bullish Engulfing Candlestick the color of the candle should be Blue
For Bearish Engulfing Candlestick the color of the candle should be Red
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