EVENING STAR CANDLESTICK PATTERN
The evening star candlestick is the bearish version of the morning star. It is a top reversal pattern. The evening star also a three candle pattern with the first candle being a strongly bullish candle showing buying acceleration. The second candle is the star which shows indecision while the third is long red real body shows sellers taking the control. This third candle closes well into the body of first candle.
However highest high of the evening star pattern is not to be violated otherwise pattern is negated.
Top of the second candle of the evening star pattern becomes a strong resistance for further upmove.
Evening star and Morning star candlestick patterns are most reliable patterns to trade.
However highest high of the evening star pattern is not to be violated otherwise pattern is negated.
Top of the second candle of the evening star pattern becomes a strong resistance for further upmove.
Evening star and Morning star candlestick patterns are most reliable patterns to trade.
Comments
Post a Comment