Evening Star Candle Pattern

Morning Star Bullish Crude Candle Patterns

Morning Star Trading Candle Pattern

Morning Star Candle Pattern

Morning Star Candle Pattern

Morning star is a 3 day bullish reversal oil pattern.

First day is a long black candle.

Second day is a morning star which gaps away from the long black candle.

Third day is a long white candlestick that fills the gap.

The filling of the gap & closing of the white candle above gap is a strong bullish Trade signal.

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

Evening Star Trading Candle Pattern

Opposite of the morning star

Evening Star Candlestick Pattern

Evening Star Crude Candle Pattern

Evening star is a 3 day bearish reversal oil pattern.

The first day is a long white candlesticks.

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

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 Trade signal.

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

Engulfing Pattern

Engulfing is a reversal candlestick pattern which 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 upward trend.

Bullish & Bearish Engulfing Pattern

Bullish & Bearish Engulfing Candle Patterns

The color of the first candle indicates oil trend of the day.

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

For Bullish Engulfing the color of the candle should be Blue

For Bearish Engulfing the color of the candle should be Red