Engulfing Stock Candles Setup Patterns
Bullish Engulfing Candle-stick Setup and Bearish Engulfing Candle-stick Pattern
Morning Star Candle Setup
Morning Star Candle Setup
Morning Star Candlestick Pattern
Morning star candlestick is a three day bullish reversal indices pattern.
The first day is a long black candlesticks.
The second day is a morning star which gaps away from the long black candle.
Third day is a long white candle which fills the gap.
Filling of the gap and closing of the white candlestick above gap is a strong bullish signal.
Traders should open a buy indices trade after market stock price closes above the gap formation of the morning star candlestick pattern. This is the confirmation signal of a buy stock signal generated by this Morning Star Candlestick pattern.
Evening Star Stock Candle Pattern
Opposite of the morning star
Evening Star Stock Candlestick Pattern
Evening Star Stock Candle Pattern
Evening star candlestick is a three day bearish reversal indices pattern.
First day is a long white candle.
The second day is evening star which gaps away from the long white candle.
Third day is a long black candle which fills the gap.
Filling of the gap and closing of the black candle below gap is a strong bearish signal.
Traders should open a sell stock indices trade once the stock trading market closes below gap formation of the evening star. This is the confirmation signal of a sell stock signal generated by this Evening star candle stick pattern setup.
Engulfing Pattern
Engulfing is a reversal candle setup that 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 upwards trend.
Bullish & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Candle Patterns
Colour of the first candlestick indicates the trend of the day.
The second candle should completely engulf the first candle & it should have opposite colour.
For Bullish Engulfing color of the candle should be Blue
For Bearish Engulfing color of the candlestick should be Red
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