Evening Star Oil Trading Candlestick Pattern
Morning Star Bullish Crude Oil Candlestick Patterns
Morning Star Oil Trading Candlestick Pattern
Morning Star Oil Trading Candlestick Pattern
Morning Star Oil Candle-Stick Pattern
Morning star is a 3 day bullish reversal oil pattern.
The first day is a long black candle.
The second day is a morning star that gaps away from the long black candle.
Third day is a long white candlestick that fills the gap.
The filling of the gap and closing of the white candle above gap is a strong bullish Oil Trading signal.
Traders should open a buy oil trade after market crude crude oil trading price closes above gap formation of the morning star. This is the confirmation signal of a buy oil signal generated by this Morning Star Candlestick pattern.
Evening Star Crude Oil Trading Candlestick Pattern
Opposite of the morning star
Evening Star Crude Oil Trading Candle Pattern
Evening Star Crude Oil Candle-Stick Pattern
Evening star is a 3 day bearish reversal oil pattern.
The first day is a long white candle.
The second day is evening star that gaps away from the long white candle.
Third day is a long black candle that fills the gap.
The filling of the gap and closing of the black candlestick below gap is a strong bearish Oil Trading signal.
Traders should open a sell oil trade once the oil market closes below the gap formation of the evening star. This is the confirmation signal of a sell oil signal generated by this Evening star candlestick 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 oil trend or at the end of a market upwards crude oil trend.
Bullish & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
The color of the first candle indicates oil trend of the day.
The second candlestick should completely engulf the first candlestick and it should have opposite color.
For Bullish Engulfing the color of the candle-stick should be Blue
For Bearish Engulfing the color of the candle should be Red
