Trade Forex Trading

Morning Star Candlesticks, Evening Star Candles and Engulfing Candle-sticks Pattern Setups

Bullish Engulfing Candle-stick Pattern and Bearish Engulfing Candle-stick Pattern

Morning Star Candlestick Pattern

Morning Star Candlesticks Pattern - Morning Star Candlestick Setup Trading Analysis

Morning Star Candle Pattern

Morning Star Candle Pattern

Morning star candle-stick pattern is a three day bullish reversal pattern.

First day is a long black candle.

Second day is a morning star that gaps away from the long black candle-stick.

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

Filling of the gap & closing of the white candle above the trading gap is a strong bullish Stock Indices Trading signal.

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

Evening Star Candlestick Pattern

Opposite of the morning star

Evening Star Candlestick Chart pattern - Morning Star Stock Index Candlestick Setup Technical Analysis

Evening Star Candlestick Pattern

Broker

Evening Star Candlestick Pattern

Evening star candle-stick pattern is a three day bearish reversal pattern.

First day is a long white candlestick.

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

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

Filling of the gap & closing of the black candle below the gap is a strong bearish Stock Indices Trading signal.

Traders should open a sell trade once the market closes below the gap formation of evening star candlestick pattern. This is the confirmation trading signal of a sell signal generated by this Evening star candle pattern 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 up-ward trend.

Engulfing Candlestick Setup on Chart - Morning Star Candle Trading Setup Explained

Bullish & Bearish Engulfing Pattern

Bullish & Bearish Engulfing Candle-stick Patterns

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

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

For Bullish Engulfing the color of the candlestick should be Blue

For Bearish Engulfing the color of the candle should be Red