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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