This is reverse of morning star pattern, It gives bearish signal. When ever such pattern is formed, you can treat it as signal for the start of down trend.
Category - Technical Analysis
Morning Star Candle Stick Pattern for Stock Market
This is a three star candle pattern.It gives bullish signalAfter such pattern is formed there is higher probability of share prices going up. Few conditions to be met for morning star: Shares should be in down trendRed...
Dark Cloud Cover Pattern in Stock Market
This is yet another important candle stick pattern formed using two candles. It gives bearish signals. It is just opposite of piercing line pattern.
Piercing Line Pattern for Stock Market
This is a two candle pattern. It gives bullish signal. This means once such pattern is formed there is higher chances of share values going up. In the pattern you will see 2nd candle is formed 50% above the 1st candle...
Bearish Harami Candle Stick Pattern for Stock Market
This is another interesting candle pattern formed in the uptrend of the stock market. When ever you notice a large green size candle pattern formed and just after it a red small candle pattern is formed whose opening...
Bullish Harami Candle Stick Pattern for Stock Market
This is one of the most common candlestick pattern and also one of the most important pattern in the stock market as it is too frequently formed. Lets now try to understand this in detail: It is a two candle pattern...
Shooting Star Pattern
The shooting star is the same shape as the inverted hammer, but is formed in an uptrend: it has a small lower body, and a long upper wick. Usually, the market will gap slightly higher on opening and rally to an intra...
Hanging Man Pattern
The hanging man is the bearish equivalent of a hammer; it has the same shape but forms at the end of an uptrend. It indicates that there was a significant sell-off during the day, but that buyers were able to push the...
Three White Soldiers Pattern
The three white soldiers pattern occurs over three days. It consists of consecutive long green (or white) candles with small wicks, which open and close progressively higher than the previous day. It is a very strong...
Morning Star Candlestick Pattern
The morning star candlestick pattern is considered a sign of hope in a bleak market downtrend. It is a three-stick pattern: one short-bodied candle between a long red and a long green. Traditionally, the ‘star’ will...