145 CANDLESTICK PATTERNS || PAGE 9 || (17) Morning Star ( Bullish ) ; (18) Evening star ( Bearish)

(17) Morning Star ( Bullish ) 

Morning Star Candlestick is basically  a three-candle, bullish reversal candlestick pattern that appears at the bottom of a downtrend.

In morning star pattern The first day candlestick must be a long Bearish candlestick.

The second day is a doji or small candlestick which gap away from the first day.  After a long down trend, This Doji Star shows indecision in market.
Note The colour of the star is not important.

The third day candlestick is a long Bullish candlestick that gaps above the prior star and closes significantly into the first day long black candlestick.

This pattern usually Occurs in the extreme of downtrend.

Below is an example.

(18) Evening star ( Bearish) 

Evening Star Candlestick is basically a three-candle, Bearish reversal candlestick pattern that appears at the top of an uptrend .

In evening star pattern The first day candlestick must be a long Bullish  candlestick.

The second day is a doji or small candlestick which gap up from the first day. After an Up trend, This Doji Star shows indecision in market.

Note The colour of the star is not important.

The third day candlestick is a long Bearish candlestick that gaps down the prior star. 

This pattern usually Occurs in the extreme of Uptrend. 

Below is an example.