Bullish Engulfing and Morning star pattern

Bullish engulfing appeears at the bottom of a down trend and indicates a reversal in trend.  Key features of a proper bullish engulfing is given below



courtesy:dailyfx.com

Morning star pattern

A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. The bullish candle should close near the high






Comments

Popular Posts