A typical example of Morning Star and Evening Star in the same chart. Its a good time to consolidate Gold
Evening Star
Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end
Morning Star
The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
Evening Star
Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end
- The first day consists of a large white candle signifying a continued rise in prices.
- The second day consists of a smaller candle that shows a more modest increase in price.
- The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Morning Star
The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
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