Morning Star Candle Pattern

Morning Star Bullish Candle Setups

Morning Star Candlestick Setup

Morning Star Candlestick Pattern

Morning Star Candlestick Setup

Morning star candle pattern is a three day bullish reversal pattern.

The first day is a long black candle-stick.

The second day is a morning star which 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 candle above the gap is a strong bullish Commodity Trade signal.

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

Evening Star Candle Setup

Opposite of morning star

Evening Star Candle Pattern

Evening Star Candle Setup

Evening star candle pattern is a three day bearish reversal pattern.

First day is a long white candlesticks.

The second day is the evening star that gaps away from long white candle.

Third day is a long black candle-stick which fills the gap.

Filling of the gap & closing of the black candle below the gap is a strong bearish Commodity Trade signal.

Traders should open a sell trade once the market closes below the gap formation of the evening star candlestick pattern. This is the confirmation trading signal of a sell signal generated by this Evening star candlestick setup.

Engulfing Pattern

Engulfing is a reversal candle pattern that can be bearish or bullish depending upon whether it appears at the end of a market down trend or at the end of a market upwards trend.

Bullish and Bearish Engulfing Pattern

Bullish and Bearish Engulfing Candlestick Patterns

Color of the first candle indicates trend of the day.

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

For Bullish Engulfing the color of the candle should be Blue

For Bearish Engulfing the color of the candle should be Red