morning and evening star candlestick

Morning and Evening Star Candle Stick

 Evening Star Candle Stick 

 

 

The Evening Star pattern signals a bearish reversal after a up-trend. A three candle pattern at the top of an uptrend. The body of the first candle is Green, confirming the current uptrend. The second candle is an indecisive formation. The third candle is Red and should close at least halfway down the of the first Green candle. The pattern is more bearish if the second candlestick is filled rather than hollow.

Morning Star Candle Stick

 

The Morning Star pattern signals a bullish reversal after a down-trend. A three candle pattern at the bottom of an down trend. The body of the first candle is Red, confirming the current Down trend. The second candlestick gaps down from the first (the bodies display a gap, but the shadows may still overlap) and is more bullish if hollow. The third candle is Green and should close at least halfway above the of the first Red candle.