Morning star pattern and Evening star chart pattern
The morning star pattern The morning star pattern is considered as a bullish reversal pattern, it often occurs at the bottom of a downtrend and it consists of three candlesticks: -The first candlestick is bearish which indicates that sellers are still in charge of the market. -The second candle is a small…
Bullish engulfing and Bearish engulfing chart pattern – Trader’s favorite chart patterns
In this post we will cover trader’s favorite two chart patterns first is Bullish engulfing pattern and second is Bearish engulfing pattern. If you know how to properly use these patterns then these are highly profitable, let take them one by one :- The Engulfing bar as it…
