Morning Star Indices Trading Candlestick Pattern - Evening Star Indices Trading Candlestick Pattern - Engulfing Stock Indices Trading Candlesticks Patterns - Morning Star Indices Candlesticks, Evening Star Indices Candlesticks and Engulfing Stock Indices Trading Candlesticks Patterns

Morning Star Bullish Indices Trading Candlestick Patterns - Evening Star Bearish Indices Trading Candlestick Patterns - Bullish Engulfing Indices Trading Candlestick Pattern and Bearish Engulfing Indices Trading Candlestick Pattern

 

Morning Star Candlestick

Morning Star Candlestick

Technical Analysis of Morning Star Pattern

Morning star is a three day bullish reversal indices trading 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.

 

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

 

 

Evening Star Candlestick

Opposite of the morning star

Evening Star Candlestick

 

 

Technical Analysis of Evening Star Indices Trading Candlestick Pattern

 

Evening star is a three day bearish reversal indices trading 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.

 

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

 

 

Engulfing Pattern

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

Bullish and Bearish Engulfing Pattern

 

Technical Analysis of Bullish and Bearish Engulfing Patterns

The color of the first candlestick indicates the indices trading 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