Morning Star Candlesticks, Evening Star Candles and Engulfing Candlesticks Patterns

Bullish Engulfing Candlestick Pattern and Bearish Engulfing Candlestick Pattern

Morning Star Candlestick Pattern

Morning Star Candle Pattern

Morning Star Candle Pattern

Morning star is a three day bullish reversal stock indices pattern.

First day is a long black candle.

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

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

Filling of the gap and closing of the white candle 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 candle pattern. This is the confirmation signal of a buy signal generated by this Morning Star Candlestick pattern.

Evening Star Candlestick Pattern

Opposite of the morning star

Evening Star Candlestick Pattern

Evening Star Candlestick Pattern

Evening star is a three day bearish reversal stock indices 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 stock indices trade once the stock indices 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.

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 stock indices trend or at the end of a market upward stock index trend.

Bullish & Bearish Engulfing Pattern

Bullish and Bearish Engulfing Patterns

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

The second candlestick should completely engulf the first candle & it 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