Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.
CANDLESTICK STARS
What Are Candlestick Stars?
  Stars have small real bodies which gap away from a large real body that
precedes them. The k...
Psychology of the Candlestick Star Pattern




 As a star has a small real body, it represents indecision by both the bull...
Morning Star
The morning star candle is a bottom reversal signal that comes after an extended
downtrend. This pattern is a...
Outside of morning star showing itself, look for other indications that this
pattern is for real. For example, you want to...
This is a beautiful morning star setup. Let's consider why. First of all, the
morning star came at previous support near t...
Evening Star
The evening star candlestick is the bearish version of the morning star. It is a
top reversal pattern that oc...
Doji Stars
  When a doji represents the star within the morning star and evening star,
the formations are known as the mor...
Morning Doji Star and Evening Doji Star




 If you think about the psychology of this setup, the first gap came in an
 al...
Shooting Star And Gravestone Doji




The final star variation is the shooting star which occurs after a strong uptrend
(o...
Ideally, the real body of the shooting star should gap away from the previous
candles' real body. While it is not necessar...
Thank You!

                   Read More

                 Give us your Feedback
                           OR
If you have...
•   Registered office: Kotak Securities Limited, 1st Floor, Bakhtawar, 229,
    Nariman Point, Mumbai - 400021. SEBI Regis...
Nächste SlideShare
Wird geladen in …5
×

von

Candlestickstars Slide 1 Candlestickstars Slide 2 Candlestickstars Slide 3 Candlestickstars Slide 4 Candlestickstars Slide 5 Candlestickstars Slide 6 Candlestickstars Slide 7 Candlestickstars Slide 8 Candlestickstars Slide 9 Candlestickstars Slide 10 Candlestickstars Slide 11 Candlestickstars Slide 12 Candlestickstars Slide 13
Nächste SlideShare
Candlestick Quick Reference Guide
Weiter

8 Gefällt mir

Teilen

Candlestickstars

Ähnliche Bücher

Kostenlos mit einer 30-tägigen Testversion von Scribd

Alle anzeigen

Ähnliche Hörbücher

Kostenlos mit einer 30-tägigen Testversion von Scribd

Alle anzeigen

Candlestickstars

  1. 1. CANDLESTICK STARS
  2. 2. What Are Candlestick Stars? Stars have small real bodies which gap away from a large real body that precedes them. The key rule to a star is that its real body does not overlap the previous candles real body. There are several variations of the star pattern like the morning star, evening star, doji star, and shooting star. These basic patterns are the beginning of candlestick technical analysis education.
  3. 3. Psychology of the Candlestick Star Pattern As a star has a small real body, it represents indecision by both the bulls and the bears. While the larger trend may be strongly up or strongly down, the presence of the star indicates that the prevailing direction may have come under profit taking or that the other side has actually taken control. Remember, the previous bar should be a strong bar in the direction of the trend which indicates that the bulls (in an up trending market) or the bears (in a down trending market) are in control. This strength in direction is what makes the appearance of the star much more important as the conviction has dissipated.
  4. 4. Morning Star The morning star candle is a bottom reversal signal that comes after an extended downtrend. This pattern is a three candle reversal setup. The first two bars are the typical star setup discussed above. The major difference with this pattern is the third candle in the formation. It is a very strong green candle, which does not have to be a gap, which closes at least half way into the first candle. The further it eats in the first bar, the more bullish the formation.
  5. 5. Outside of morning star showing itself, look for other indications that this pattern is for real. For example, you want to see high volume in the third candle, indicating strength. It is noticed that the morning star works very well when it occurs at previous support levels. This adds that extra layer of confidence to the analysis (continued)
  6. 6. This is a beautiful morning star setup. Let's consider why. First of all, the morning star came at previous support near the 60.37 level. The star candle came in the form of a hammer. There was high volume that came along with the hammer and this was an even bigger sign that this level would hold as support. The following day, the stock accelerated with a gap higher and closed well into the top half of the first bar. As I said earlier, the presence of this pattern does not indicate an immediate rally. As you can see, the gap created from the second to third bar was back filled. Smaller gaps, such as this one, tend to get filled in the short term more times than not. Even if one would have waited for the high of the third candle in morning star to be broken above, five points could have been made in a short amount of time.
  7. 7. Evening Star The evening star candlestick is the bearish version of the morning star. It is a top reversal pattern that occurs after a sustained up trend. The evening star also a three candle pattern with the first candle being a strongly bullish candle with good price spread. The second candle is the star while the third is red real body that closes well into the first candle. Again, as with the bullish morning star, the third candle in the evening star does not have to be in the form of a gap. Here are a couple of factors that increase the chances of this pattern succeeding : 1. The real bodies of all 3 candles do not overlap on each other 2. The third candle closes well into the first one; preferably regaining 75% of the candle 3. Volume should lighten up on the first candle and increase on the third.
  8. 8. Doji Stars When a doji represents the star within the morning star and evening star, the formations are known as the morning doji star and evening doji star. A doji is a candle that lacks a real body, meaning the open and close of the bar are the same or have a very small difference. It has a strong significance after substantial advances or declines. The lack of direction that the doji illustrates can offer a potent reversal signal, especially if it is followed by a candle in the anticipated direction. Therefore, when a doji represents the star of the morning and evening star pattern, you need to take notice.
  9. 9. Morning Doji Star and Evening Doji Star If you think about the psychology of this setup, the first gap came in an almost exhaustive fashion. The stock was already in a strong uptrend or downtrend and then it made a gap which closed right near its open. This was the first sign that the directional pressure was fading. Now, with the third candle gapping in the opposite direction of the trend, we now have confirmation that a more significant trend reversal has taken place.
  10. 10. Shooting Star And Gravestone Doji The final star variation is the shooting star which occurs after a strong uptrend (or the inverted hammer that occurs after a strong move down). The shooting star has a long upper shadow with a small real body at the lower end of the candle. This pattern usually presents itself as a sign of a short term correction rather than a more potent reversal signal. The shooting star is basically tells that the market rally could not be sustained. The market opened at or near its lows, shot up much higher and then reversed to close near the open.
  11. 11. Ideally, the real body of the shooting star should gap away from the previous candles' real body. While it is not necessary, it adds confirmation to the validity of the impending reversal. When a shooting star forms near a resistance level, which also was created with a shooting star, a very powerful resistance level is created. As mentioned before, the shooting star is a short term topping formation and any break above the high of this candle negates the ramifications of the formation. There is one variation to the shooting star, it is known as the gravestone doji. The gravestone doji is a shooting star with virtually no real body, the open and close are exactly the same. This formation is more powerful than the typical shooting star as portends a more serious reversal.
  12. 12. Thank You! Read More Give us your Feedback OR If you have any questions click on any of the icons below -
  13. 13. • Registered office: Kotak Securities Limited, 1st Floor, Bakhtawar, 229, Nariman Point, Mumbai - 400021. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF 011133230/INE 011207251, OTC INB 200808136, MCXSX INE 260808130. • Disclaimer: Investments in securities are subject to market risks, please read the SEBI prescribed Combined RDD prior to investing. • * Awarded Best Brokerage Firm in India by AsiaMoney in 2006, 2007, 2008 and 2009
  • dhavalshah180625

    Aug. 17, 2021
  • acs888

    Dec. 20, 2020
  • 1moreno

    Apr. 29, 2020
  • tahleeq

    Apr. 8, 2019
  • hilmy1010

    Jun. 24, 2018
  • ColeScott6

    Jan. 20, 2018
  • sahattan

    Mar. 31, 2014
  • novkardrago

    Nov. 11, 2013

Aufrufe

Aufrufe insgesamt

1.983

Auf Slideshare

0

Aus Einbettungen

0

Anzahl der Einbettungen

19

Befehle

Downloads

0

Geteilt

0

Kommentare

0

Likes

8

×