Showing posts with the label morning-doji-star-candlestick evining-doji-star-candlestick


STARS CANDLESTICK PATTERNS     Types Of Stars Candlesticks   1.MORNING STAR                                                        The morning star  is a bottom reversal pattern. Its name is derived because, like the morning star (the planet Mercury) that foretells the sunrise, it presages higher prices. It is comprised of a tall, red real body followed by a small green body which gaps lower (these two lines comprise a basic star pattern). The third day is a green real body  that moves well within the first period's black real body.                                                                                                          This pattern is a signal that the bulls have seized control. I will break down this three candlestick pattern into its components in order to understand the rationale behind this last statement. The market is in a downtrend when we see a red real body. At this time the bears are in command. Then a smal