Morning Star Candlestick Pattern - Evening Star Trading Candlestick Pattern - Engulfing Candlesticks Patterns

Morning Star Bullish Candlestick - Evening Star Bearish Candlestick - Bullish and Bearish Engulfing Candles Patterns

Morning Star Forex Candle

Morning Star Candlestick Pattern

Technical Analysis of Morning Star Forex Trading Pattern

Morning star is a three day bullish reversal pattern.

First day is a long black candlestick.

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

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

Filling of the gap & closing of the white candlestick above the gap is a strong bullish Forex 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 signal of a buy signal generated by this Morning Star Candlestick pattern.

Evening Star FX Candlestick

Opposite of the morning star

Evening Star Candlestick Pattern

Technical Analysis of Evening Star Candle Pattern

Evening star 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 candlestick.

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 Forex 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.

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 downtrend or at the end of a market uptrend.

Bullish and Bearish Engulfing Pattern

Technical Analysis of Bullish and Bearish Engulfing Patterns

Color of the first candlestick indicates trend of the day.

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

For Bullish Engulfing Candlestick the color of the candlestick should be Blue

For Bearish Engulfing Candlestick the color of the candlestick should be Red