Morning Star Candlesticks, Evening Star Candlesticks and Engulfing Stock Index Candlesticks Patterns
Bullish Engulfing Stock Indices Candlestick Pattern and Bearish Engulfing Stock Indices Candlestick Pattern
Morning Star Candlestick
Morning Star Candlestick
Morning Star Pattern
Morning star is a three day bullish reversal stock indices 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 Stock Indices Trading signal.
Traders should open a buy stock indices trade after market stock index price closes above the gap formation of the morning star. This is the confirmation signal of a buy stock indices signal generated by this Morning Star Candlestick pattern.
Evening Star Candlestick
Opposite of the morning star
Evening Star Candlestick
Evening Star Stock Indices Candlestick Pattern
Evening star is a three day bearish reversal stock indices 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 Stock Indices Trading signal.
Traders should open a sell stock indices trade once the stock indices market closes below the gap formation of the evening star. This is the confirmation signal of a sell stock indices 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 down stock indices trend or at the end of a market upward stock index trend.
Bullish and Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
The color of the first candlestick indicates the stock indices 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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