Evening Star give entry point for BEARISH REVERSAL
1. Three candle pattern
2. The first candle has an open real body, in line with the Bull trend
3. The second candle’s real body gaps away from the first candle’s real body
4. The second candle has a small real body
5. The colour of the second candle’s real body is not important
6. The third candle is filled and closes well into the real body of the first candle
5. The market is in an uptrend
Evening Star and sell
forex trading signals
An Evening Star is a powerful reversal pattern seen in a rising market. It is
comprised of three candles. The first is a bullish day, the second is a Star with
indecision rife despite the early promise. This indecision turns into outright
bearishness on day three, which is why this is such a powerful reversal, and so
closely watched by the Japanese.
You may have an idea where we’re going to go next on our trawl through the
candlestick patterns. What happens when a Bullish Star formation is backed up by
a strong day the next day? You’ve got it!
Morning Star properties for BULLISH REVERSAL
1. Three candle pattern
2. The first candle has a filled real body, in line
with the weak trend
3. The second candle’s real body gaps lower,
away from the first candle’s real body
4. The second candle has a small real body
5. The colour of the second candle’s real body is
not important
6. The third candle is open and it finishes well
into the real body of the first candle
5. The market is in a downtrend
Morning Star and sell
forex signals
The three candles that form a Morning Star make a potent argument for the reversal
of an established downtrend. The first candle has a large filled real body just like
many of the other sessions that we’ve seen during the downtrend. Day two starts
off with further weakness but then nothing really happens. After this questions
should be asked as to the sustainability of the down-move. Day three answers these
questions. A big open candle tells us the bulls are back in town.
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