Evening Star Candlestick Pattern
Morning Star Bullish Candlestick Patterns
Morning Star Candle Pattern
Morning Star Candle Pattern
Morning Star Candlestick Pattern
Morning star candle is a 3 day bullish market 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 market gap is a strong bullish XAUUSD signal.
Traders and Investors should open a buy gold trade after the market price closes above gap formation of the morning star candlestick. This is the confirmation signal of a buy signal generated by this Morning Star Candlestick pattern.
Evening Star Candlestick Pattern
Opposite of morning star
Evening Star Candlestick Pattern
Evening Star Candlestick Pattern
Evening star candle is a 3 day bearish market reversal gold pattern.
First day is a long white candlestick.
Second day is the evening star which gaps away from the long white candlestick.
Third day is a long black candle stick which fills the gap.
The filling of the gap & closing of the black candlestick below the trading gap is a strong bearish Gold signal.
Traders should open/execute a sell gold trade once the market closes below the market gap formation of the evening star candle pattern. This is the confirmation trading signal of a sell signal generated by this Evening star candlestick pattern setup.
Engulfing Pattern
Engulfing is a reversal candlestick that can be bearish or bullish depending upon if it appears at the end of a market down gold trend or at the end of a market upwards trend.
Bullish and Bearish Engulfing Pattern
Bullish & Bearish Engulfing Candlestick Patterns
Colour of the first candle reflects gold trend of the day.
The second candle should completely engulf the first candlestick and it should have the in the opposite market trend color.
For Bullish Engulfing the colour of the candle should be Blue
For Bearish Engulfing the colour of the candle should be Red
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