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Tagged: morning and evening STAR
it is the name given by the Americans to the Doji.a doji after a bright day is a evening star which is a negative sign and needs a short position to be created
a doji after the dark night is a morning star is a positive sing and needs a long position to be made of it fulfills the above conditions.
Doji i s using to morning and evening star
The morning star is positive position is to buying a stock.
The evening stat is negative position is to selling the stock.
The morning star pattern is a bullish reversal pattern, usually occurs at the bottom of the down trend. it is a small candle stick or Doji.
it happens after big bearish body. on morning star day, it forms small bullish body or doji. next day if price crosses the previous day top, consider long position
The evening star pattern is a bearish reversal pattern, usually occurs at the top of up trend. it is a bearish body or Doji
it happens after big bullish body. on evening starday, it forms small bearish body or doji. next day if price crosses the previous day bottom, consider sell/short.
In both cases, volume should be high on star day.
morning star is appear after the dark night,,create long position
evening star is appear after the bright day,,create short position
Morning star appears after dark night which is a sign of bullish and can be bought above the days high and stop loss below the days low.
Evening star appears after a bright day which is a sign of bearish and can be sold below the days low and stop loss above the days high..
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