Morning Star Candle Pattern

Morning Star Bullish Candlestick Setups

Morning Star Candlestick Setup

Morning Star Candlestick Pattern

Morning Star Candlestick Setup

Morning star is a 3 day bullish reversal pattern.

First day is a long black candle.

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

Third day is a long white candle which fills the gap.

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

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

Evening Star Candle Setup

Opposite of morning star

Evening Star Candlestick Setup

Evening Star Candlestick Setup

Evening star is a 3 day bearish reversal pattern.

First day is a long white candlesticks.

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

Third day is a long black candle which fills the gap.

The filling of the gap & 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 gap formation of the evening star. This is confirmation signal of a sell signal generated by this Evening star candle setup.

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 down trend or at the end of a market upward trend.

Bullish and Bearish Engulfing Pattern

Bullish and Bearish Engulfing Candle Patterns

Color of the first candle indicates the trend of the day.

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

For Bullish Engulfing the color of the candle should be Blue

For Bearish Engulfing the color of the candle should be Red