Hong Kong
2024-12-25 15:16
Industry🔟Morning & Evening Star (Triple Candlestick Reversal) 🌅🌌
Morning Star: A three-candle bullish reversal pattern that forms after a downtrend:
a. A large red candle.
b. A small-bodied candle (could be red or green).
c. A large green candle that closes above the midpoint of the first red candle.
Evening Star: A three-candle bearish reversal pattern that forms after an uptrend:
a. A large green candle.
b. A small-bodied candle (could be red or green).
c. A large red candle that closes below the midpoint of the first green candle.
Key Point: Both patterns indicate a reversal in trend. The Morning Star signals that the downtrend is over and a bullish trend is starting, while the Evening Star signals the end of the uptrend and the start of a bearish trend.
Example: The Morning Star after a downtrend suggests that the price is reversing upwards, while the Evening Star after an uptrend signals that the price is about to drop.
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🔟Morning & Evening Star (Triple Candlestick Reversal) 🌅🌌
Hong Kong | 2024-12-25 15:16
Morning Star: A three-candle bullish reversal pattern that forms after a downtrend:
a. A large red candle.
b. A small-bodied candle (could be red or green).
c. A large green candle that closes above the midpoint of the first red candle.
Evening Star: A three-candle bearish reversal pattern that forms after an uptrend:
a. A large green candle.
b. A small-bodied candle (could be red or green).
c. A large red candle that closes below the midpoint of the first green candle.
Key Point: Both patterns indicate a reversal in trend. The Morning Star signals that the downtrend is over and a bullish trend is starting, while the Evening Star signals the end of the uptrend and the start of a bearish trend.
Example: The Morning Star after a downtrend suggests that the price is reversing upwards, while the Evening Star after an uptrend signals that the price is about to drop.
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