Morning Star Candle Pattern - Engulfing Candle-sticks Patterns

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

Morning Star Candlestick

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 candlestick.

Second day is a morning star which gaps away from the long black candlestick.

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

Filling of the gap and 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 Candlestick Pattern

Analysis of Evening Star Candle Pattern

Evening star candlestick pattern is a three day bearish reversal 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 candlestick that fills the trading gap.

Filling of the gap and closing of the black candlestick 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 candlestick pattern.

Engulfing Pattern

Engulfing is a reversal candle pattern which can be bearish or bullish depending upon whether it appears at the end of a market downwards trend or at the end of a market upwards trend.

Engulfing Candlestick Setup on Chart

Bullish and Bearish Engulfing Pattern

Analysis of Bullish & Bearish Engulfing Candle Patterns

The colour of the first candle indicates the market trend of the day.

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

Study More Tutorials and Lessons:

Trade Forex Trading