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Morning Star

Australian Dollar Ready to Reverse Higher? - AUD/NZDThe Australian Dollar could be readying for its next leg higher against the New Zealand Dollar following losses since early October. AUD/NZD recently confirmed a bullish Morning Star candlestick pattern, opening the door to extending gains. But, prices still need to overcome the near-term 20- and 50-Day Simple Moving Averages. Clearing them exposes the 23.6% Fibonacci extension at 1.0486 before making way towards a falling trendline from March. Otherwise, clearing the key 1.0280 - 1.0331 support zone may see prices resume the downtrend towards the 2020 low. FX_IDC:AUDNZD
by QM_Dubrovsky
Possible Strong Start Tomorrow & Strong Close End Of The WeekAlthough AMC experience strong movement today and yesterday. It is possible for AMC to retest the $38 tomorrow. What I like to see is can $AMC retest $44 tomorrow and close it there? If so the weekly chart suggest a bullish breakaway. If not I will readjust. My conviction is that at first AMC was showing bearish divergence in the last 2 hours but the 1 min chart in the last 1 hour create a Falling wedge and double bottom. The last same hour in the 30 min chart which I publish could be a morning start. There is some volume incoming in the last hour. But nothing is for certain. Again we may retest the $38.50s again.
NYSE:AMC
by gojira91
2
Candle stick every beginners should know . ( part 3 ) Hi friends , today i'll share with you the most famous candlestick pattern everyone should know. part 3 we will start with the morning star . this pattern appear in the downtrend and It indicates the possibility of a price reversal ( long ) second , the evening star appear in the uptrend and It indicates the possibility of a price reversal ( short ) third doji / spinning top / high wave appear in the downtrend and the uptrend and They considered as reversal candles . please support me with like and followe me for more ideas .
Education
by Diamond_Chart
4
Morning Star Doji on GoldOn the 2 Hour timeframe, another pattern is in the making. If it so happens to be a morning star doji (one bearish candle, followed by one where the market is undecisive, and ending with a bullish candle), we will see a market reversal and Gold will enter into a bullish upward trend on the 2 hour timeframe. I have highlighted the pattern for you. Please allow for the pattern to complete before making your move. In my previous post, I mentioned how it was good to wait it out. A good trader is one that knows when to wait and when to execute orders. For now, wait for this pattern to complete, and if it does, go long.
FOREXCOM:XAUUSDLong
by sohrabkhanlive86
MCDOWELL - Morning Star formation at retest - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. Below is the zoomed in image for better understanding Checkout BATAINDIA trade (linked below) to understand how to trade Morning Star formation Also, you can check out previous analysis of MCDOWELL as well (linked below) The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:UNITDSPRLong
by AdityaKarn90
Gold Outlook: XAU/USD Trend Remains Tilted Broadly LowerGold prices are seemingly struggling to extend a bounce that was initiated last week after a ' Flash Crash '. Follow-through after a bullish Morning Star seems to be slowing. Falling trendline from May and a bearish crossover between 50- and 200-day Simple Moving Averages seem to be planting a dominant downside bias. Extending last year's top entails a close under March lows, exposing prices last tested in April 2020 . On the other hand, clearing the SMAs and trendline exposes a potential falling line from August 2020 , which could reinstate the dominant downside focus. FX_IDC:XAUUSD
FX_IDC:XAUUSD
by QM_Dubrovsky
6
Let's talk about Candlestick Chart PatternsThe candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those. ✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a Doji, and third being a bullish candle. The first candle shows the continuation of the downtrend, the second being a Doji shows indecision in the market and the third bullish candle shows that bulls are back in action. ✅ Bullish Hammer is a single candlestick pattern, which is formed at the end of the downtrend and shows bullish reversal. The real body of this candle is small with a long lower wick which should be more than twice the real body. This candle is formed when the seller pushes the price downwards but at the same time buyers arrive and push the prices up. ✅ Bullish Engulfing is formed after a downtrend, indicating a bullish reversal. It is formed when a bearish candle is fully engulfed by a bullish candle which shows that the bulls are back in the market. ✅ Three White Soldiers is a multiple candlestick pattern that is formed after a downtrend indicating a bullish reversal. It is formed when three consecutive bullish candles appear one after the other. These three candles show a strong bullish trend. ✅ Hanging Man is generally formed at the end of an uptrend and signals bearish reversal. The real body of this candle is small and is located at the top with a lower shadow which should be more than twice the real body. This candlestick pattern has no or little upper shadow. ✅ Dark Cloud Cover is formed by two candles, the first candle being a bullish candle which indicates the continuation of the uptrend. The second candle is a bearish candle that opens the gap up but closes more than 50% of the real body of the previous candle which shows that the bears are back in the market and a bearish reversal is going to take place. ✅ Bearish Engulfing is formed by two candles, after an uptrend indicating a bearish reversal. It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle being a bullish candle indicates the continuation of the uptrend. The second candlestick chart is a long bearish candle that completely engulfs the first candle and shows that the bears are back in the market. ✅ Evening Star is made of 3 candlesticks, first being a bullish candle, second a Doji, and third being a bearish candle. The first candle shows the continuation of the uptrend, the second candle being a doji indicates indecision in the market, and the third bearish candle shows that the bears are back in the market and reversal is going to take place. Thanks for reading and hope you like it. Please comment and let us know your thoughts on it. Happy Trading
Education
by Tuned_Official
How to use Candlestick Patterns ..Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price rest to have a better RR ratio guys. Good Luck on that , As easy as you see
Education
by sajadakrami1378
EURUSD Pin Back weekly 3.414Hello everyone there's my look for EURUSD for next week! On the high of swing there's a pin bar so i'm checking sitiuation and reactions on levlel 3.414. There's a 3rd touch from two symmetries as i drew and up from 1:18465 is a big space where will price go in my oppinion. I would like to see H&S pattern down there and also third touch on symmetry on the right shoulder. Up from 1.18465 there's no accumulated value which can stop the price, POC is 1.21870. So i wish u lot of succsess into new trading week and remember, be disciplined, wait for a signal! If you don't have a signal, you can't call anyone, so why do you want to trade without it?
by SpilakJ