Viewing 5 posts - 6 through 10 (of 266 total)
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  • #6390
    V.VEDANAYAGAM
    Participant
    Rank: Level 5

    BOTH MoRNING STAR AND EVENING STAR ARE THREE DAY reversal patterns
    Morning star is a bullish reversal pattern
    HERE the first candle is a bear one in the stream of the down trend
    The middle candle is a DOJI appears just below the down trend with volume
    THE third candle must be bullish confirming the bull trend
    BUY when the price moves with volume on the third day above the top of the DOJI(Stop loss at the bottom of the DOJI)

    Evening star is a bearish reversal pattern hence appears at the TOP of the trend
    HERE the first candle is BULL in the stream of the bull trend
    THE MIDDLE CANDLE is DOJI appears slightly above the bull trend with volume
    THE third candle must be bearish confirming the bearish trend
    SELL when the price on the third day goes down the bottom of the DOJI(STOP LOSS is at the top of the DOJI)

    #6441
    Ramesh
    Participant
    Rank: Level 5

    After a bullish candle if DOJI appears, it’s called evening star. Its time to take SELL short position.

    After a bearish candle if DOJI appears, it’s called morning star. Its time to take BUY long position.

    #6621
    R.Durga Prasad
    Participant
    Rank: Level 4

    It is the modified form of Doji  formulated by Americans.

    Morning star,Evening star both will be seen after certain rally.

    Morning star refers to Bullish Doji(green body) after bearish trend with the volume increased than previous day and Evening star refers to Bearish trend (red body)after bullish trend with significant volume.

    Buy when morning star and sell when then point reaches below stop loss.

    #6640
    Gopalakrishnan
    Participant
    Rank: Level 5

    When doji is appearing in the bullish trend, that is called Evening star. we need to sell now

    When doji is appearing in the bearish trend, that is called Morning star. we can buy now

    #6651
    Swathi
    Participant
    Rank: Level 2

    When A DOJI appears after a bullish trend, we need to sell.

    At a bearish, we need to start buying.

Viewing 5 posts - 6 through 10 (of 266 total)
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