-
How to Trade the Evening Star Candlestick Pattern
The Evening Star pattern is a powerful bearish reversal pattern that signals a potential change in market direction from an uptrend to a downtrend. This classic candlestick formation is widely used by traders to predict trend reversals, especially after a sustained price rally on a higher timeframe. The Evening Star consists of three distinct candles: 1. Large bullish candle: This candle occurs during an uptrend and it represents strong upward momentum, indicating that buyers are in control. 2. Small indecisive candle: The second candle is typically a spinning top or doji, representing indecision in the market. It ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Sep 22, 2024 6:03pm Sep 22, 2024 6:03pm
-
ZohaibSahi - | Joined Jun 2024 | Status: Junior Member | 1 Comment
- Comment #2
- Quote
- Sep 23, 2024 2:50am Sep 23, 2024 2:50am
-
ik.ibrahim - | Joined Sep 2024 | Status: Junior Member | 1 Comment
-
- Older Stories
From thehill.com|Sep 18, 2024|4 commentsMichelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented ...
From bnnbloomberg.ca|Sep 18, 2024Traders are ramping up their bets on the pace of Federal Reserve’s future easing after officials reduced their key interest rate by half a point, sending short-maturity Treasuries ...
From home.treasury.gov|Sep 18, 2024The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2024. The next release, which will report on data for August 2024, is ...
-
- Newer Stories
From fxstreet.com|Sep 18, 2024The Mexican Peso edged lower against the US Dollar during the North American session on Wednesday, dropping over 0.80% after the Federal Open Market Committee (FOMC decided to ...
From stats.govt.nz|Sep 18, 2024Key facts: The following movements are in seasonally adjusted chain volume terms (adjusted for price inflation). In the June 2024 quarter, compared with the March 2024 quarter: • ...
From xm.com|Sep 18, 2024The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond ...
- Story Stats
- Posted: Sep 18, 2024 6:09pm
- Submitted by:Category: Educational NewsComments: 2 / Views: 27,160
