Evening Star Candle Pattern

Morning Star Bullish Candle-stick Pattern Setups

Morning Star Candle Pattern

Morning Star Candle Pattern

Morning Star Candle Pattern

Morning star candlestick is a three day bullish reversal gold pattern.

First day is a long black candlestick.

The second day is morning star which gaps away from the long black candlestick.

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

The filling of the trading gap and closing of the white candle above the trading gap is a strong bullish Gold signal.

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

Evening Star Candle Pattern

Opposite of morning star

Evening Star Candle Pattern

Evening Star Candle Pattern

Evening star candlestick is a three day bearish reversal gold pattern.

First day is a long white candlestick.

Second day is the evening star that gaps away from the long white candlestick.

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

The filling of the trading gap & closing of the black candle below the trading gap is a strong bearish Gold signal.

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

Engulfing Pattern

Engulfing is a reversal candlestick that can be bearish or bullish depending upon whether it appears at the end of a market down gold trend or at the end of a market upward trend.

Bullish & Bearish Engulfing Pattern

Bullish and Bearish Engulfing Candle Patterns

Color of the first candle indicates gold trend of the day.

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

For Bullish Engulfing the colour of the candlestick should be Blue

For Bearish Engulfing the colour of the candlestick should be Red