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 Candle 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 that gaps away from the long black candle.

Third day is a long white candlestick 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 Candle 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 that gaps away from the long white candle.

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

Filling of the gap and closing of the black candlestick below gap is a strong bearish signal.

Traders should open a sell 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 & Bearish Engulfing Candle-stick Patterns

Colour of the first candlestick indicates the trend of the day.

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

For Bullish Engulfing color of the candlestick should be Blue

For Bearish Engulfing color of the candlestick should be Red