Evening Star Candle Pattern

Morning Star Bullish Candle-stick Pattern Setups

Morning Star Candle-stick Pattern

Morning Star Candle Pattern

Morning Star Candle-stick Pattern

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

The first day is a long black candle-stick.

The second day is a 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 trading 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-stick Pattern

Opposite of morning star

Evening Star Candle-stick Pattern

Evening Star Candle-stick 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 candlestick 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 candlestick indicates gold trend of the day.

The second candle should completely engulf the first candle & 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