Bullish Stock Indices Candlestick Patterns Tutorial

Bullish Engulfing Indices Candle in an Downtrend

Engulfing Indices Candlestick Pattern is a reversal candlestick pattern that can be bearish or bullish depending upon whether it appears at the end of a indices trading down trend or at the end of a upward indices trend.

Bullish Engulfing Stock Indices Candlestick Pattern - Bearish Engulfing Indices Candlestick Pattern

Bullish Engulfing Indices Candle in an Downtrend

The color of the first candlestick indicates the indices trend of the day.

The second candlestick should completely engulf the first candlestick and 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

Bullish Stock Indices Candlestick Patterns Tutorial - Types of Engulfing Stock Indices Candlestick Patterns - Bearish Engulfing Indices Candle in an Up indices trend - Bullish Engulfing Indices Candle in an Downtrend

Engulfing Indices Candlesticks Patterns

Morning Star Candlestick

Morning Star Candlestick

Morning Star Pattern

Morning star is a three day bullish reversal candlestick pattern.

The first day is a long black candlestick.

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

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

The filling of the gap and closing of the white candlestick above the gap is a strong bullish indices signal.

Traders should open a buy indices trade after market stock indices price closes above the gap formation of the morning star. This is the confirmation signal of a buy stock indices signal generated by this candlesticks pattern.

Evening Star Candlestick

Opposite of the morning star

Evening Star Candlestick

Evening Star Indices Candlestick Pattern

Evening star is a three day bearish reversal candlestick pattern.

The first day is a long white candlestick.

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

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

The filling of the gap and closing of the black candlestick below the gap is a strong bearish indices signal.

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