Morning Star Crude Oil Candlestick Pattern

Evening Star Bearish Crude Oil Candle Patterns

Morning Star Crude Oil Candlestick Pattern

Morning Star Crude Oil Candlestick Pattern

Morning Star Crude Oil Candlestick Pattern

Morning star is a 3 day bullish reversal oil trading pattern.

First day is a long black candlestick.

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

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

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

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

Evening Star Oil Candlestick Pattern

Opposite of the morning star

Evening Star Crude Oil Candlestick Pattern

Evening Star Crude Oil Candlestick Pattern

Evening star is a 3 day bearish reversal oil trading pattern.

The first day is a long white candle.

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

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

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

Traders should open a sell oil trade once the crude oil market closes below the gap formation of evening star candlestick pattern. This is the confirmation signal of a sell oil 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 oil trend or at the end of a market upwards oil trend.

Bullish and Bearish Engulfing Pattern

Bullish and Bearish Engulfing Patterns

The color of the first candle indicates oil trend of the day.

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

For Bullish Engulfing the color of the candlestick should be Blue

For Bearish Engulfing the color of the candle should be Red