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Morning Star Candlestick Pattern - Evening Star Candlestick Pattern - Engulfing Candlesticks Patterns - Morning Star Candlesticks, Evening Star Candlesticks and Engulfing Candlesticks Patterns


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

 

Morning Star Candlestick

Morning Star Candlestick Pattern

Morning Star Candlestick


Technical Analysis of Morning Star Pattern

Morning star is a three day bullish reversal pattern.

 

The first day is a long black candlestick.

 

The second day is a morning star that gaps away from the long black candlestick.

 

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

 

The filling of the gap and closing of the white candlestick above the gap is a strong bullish Forex signal.

 

Traders should open a buy trade after market price closes above the gap formation of the morning star. This is the confirmation signal of a buy signal generated by this Morning Star Candlestick pattern.

 

 

Evening Star Candlestick

Opposite of the morning star

Evening Star Candlestick chart pattern

Evening Star Candlestick

 

 

Technical Analysis of Evening Star Candlestick Pattern

 

Evening star is a three day bearish reversal pattern.

 

The first day is a long white candlestick.

 

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

 

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

 

The filling of the gap and closing of the black candlestick below the gap is a strong bearish Forex signal.

 

Traders should open a sell trade once the market closes below the gap formation of the evening star. This is the confirmation signal of a sell signal generated by this Evening star candlestick 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 downtrend or at the end of a market uptrend.

Engulfing Candlestick Pattern on Forex chart

Bullish and Bearish Engulfing Pattern

 

Technical Analysis of Bullish and Bearish Engulfing Patterns

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

 

The second candlestick should completely engulf the first candlestick 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

 

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