Morning Star Commodities Candle Pattern
Morning Star Bullish Commodities Candle Patterns
Morning Star Commodity Candle Pattern
Morning Star Commodity Candlestick Pattern
Morning Star Commodity Candle Pattern
Morning star is a three day bullish reversal commodity pattern.
The first day is a long black candlestick.
The second day is a morning star which gaps away from the long black candle.
Third day is a long white candlestick which fills the gap.
Filling of the gap & closing of the white candle-stick above the gap is a strong bullish Commodity Trading signal.
Traders should open a buy commodity trade after market commodities trading price closes above the gap formation of morning star candle stick pattern. This is the confirmation signal of a buy commodity signal generated by this Morning Star Candlestick pattern.
Evening Star Commodities Candle Pattern
Opposite of the morning star
Evening Star Commodities Candle Pattern
Evening Star Commodities Candle Pattern
Evening star is a three day bearish reversal commodity pattern.
First day is a long white candle.
The second day is the evening star that gaps away from long white candle.
Third day is a long black candlestick which fills the gap.
Filling of the gap & closing of the black candle below the gap is a strong bearish Commodity Trading signal.
Traders should open a sell commodity trade once the commodity market closes below the gap formation of the evening star candlestick pattern. This is the confirmation signal of a sell commodity signal generated by this Evening star candle 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 commodity trend or at the end of a market upward commodities trend.
Bullish and Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
Color of the first candle indicates commodity trend of the day.
The second candle-stick 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
