Morning and Evening Star patterns are popular patterns to trade as the probability of success is rather high. However do note that candlestick patterns are best for short term prediction and I would not rely on it for predicting a long term trend.
A Morning Star pattern is bullish and a follow through to more upside is expected over the next few candles while an Evening Star pattern is bearish and we expect more downside to come over the next few candles.
There are a lot of info about these patterns. You may like to read more about them here: https://www.babypips.com/learn/forex/triple-candlestick-patterns
About Me
- Ju
- Passionate about the markets and Technical Analysis. The learning never stops!
Subscribe to:
Post Comments (Atom)
Bulls are back!
The US markets declined pretty sharply on 13th December last year but 2 weeks later it hit into a longer term support and started to rebo...
-
Noble Group started to sell off on 24th Feb 2017 and the decend was relentless, hitting the first bot...
-
An Adam & Eve pattern is forming on Sembcorp Marine. This is a potentially bullish pattern, confirmed upon breaking above the neckli...
-
Look at Net Pacific. Strong volume in the past few weeks... waiting for a break above 0.08.

No comments:
Post a Comment