Engulfing Stock Indices Candlesticks Patterns
Bullish Engulfing Candlestick Pattern and Bearish Engulfing Candle Pattern
Morning Star Candlestick Pattern
Morning Star Candlestick Pattern
Morning Star Candle Pattern
Morning star is a three day bullish reversal indices pattern.
The first day is a long black candle.
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 & closing of the white candlestick above 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 candle pattern. This is the confirmation signal of a buy stock indices signal generated by this Morning Star Candlestick pattern.
Evening Star Stock Indices Candle Pattern
Opposite of the morning star
Evening Star Stock Indices Candle Pattern
Evening Star Stock Indices Candle Pattern
Evening star 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 candlestick.
Third day is a long black candle which fills the gap.
Filling of the gap & closing of the black candlestick below gap is a strong bearish Indices signal.
Traders should open a sell indices trade once the stock indices trading market closes below gap formation of the evening star. This is the confirmation signal of a sell stock indices signal generated by this Evening star candle 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 trend or at the end of a market upward indices trend.
Bullish & Bearish Engulfing Pattern
Bullish and Bearish Engulfing Patterns
Color of the first candle indicates the indices trend of the day.
The second candle should completely engulf the first candle & it should have opposite color.
For Bullish Engulfing the color of the candlestick should be Blue
For Bearish Engulfing the color of the candlestick should be Red
