evening star consists of a long bullish candlestick, a star above it (either bullish or bearish) and a bearish candlestick closing within the body of the first candlestick. In case of a bull trend, you should buy above the bullish engulfing pattern for bullish continuation. If three crows flew in the window (appear on the graph the bearish trend is on the lookout. This is a reversal pattern which can occur at the end of a run in prices. Harami and Engulfing candlestick, lets refer to my favorite reversal pattern Harami. This E-Book improve your trading dramatically 42 pages E-Book teaching you the most successful Trading Strategies Strategies include Momentum and Role Reversal, Heikin-Ashi, RSI and Moving Average Crossover, Candlesticks and more. The shadow can vary in length, but is usually quite long.
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Candlestick charts are a type of financial chart for tracking the m ovement of securities.
The Bullish Engulfing pattern is a two-candle reversal pattern.
The second candle completely engulfs the real body of the first one.
Dragonfly Doji: The dragonfly normally appears at reversals. The first candle is a long green candle, the second candle happens with an upward gap open with a small real body. Therefore, this pattern should be ignored. The doji can be both a reversal pattern and a continuation pattern. This one is technically part of the family of bearish candlestick patterns, but, it usually indicates a corrective reversal within an uptrend, therefore it is hard to trade but can be used more as an indication the the trend is set to continue. There is a bullish and a bearish Engulfing. After a correction, the price action creates a higher top the head. The pattern comes after a bearish trend, creates the three bottoms as with a Head and Shoulders and reverses the trend.
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