Bearish Star is BEARISH REVERSAL pattern
1. Two candle pattern
2. The first candle has an open real body, in line with the Bull trend
3. The second candle’s real body gaps away from the first candle’s real body
4. The second candle has a small real body
5. The colour of the second candle’s real body is not important
5. The market is in an uptrend
Bearish Star and the entry point for forex signals
A Bearish Star is a small bodied candle seen above a large open bodied candle in
a rising market. The small body on the second day shows that despite a promising
start the bulls lost temporary control. We should now be on alert in case this loss
of control becomes a more sustained deal from the bears, ie, a reversal.
Bullish Star is BULLISH REVERSAL
1. Two candle pattern
2. The first candle has a filled real body, in line
with the Bear trend
3. The second candle’s real body opens lower
and gaps away from the first candle’s real
body
4. The second candle has a small real body
5. The colour of the second candle’s real body is
not important
5. The market is in a downtrend
Summary of Bullish Star and buy forex trading signals
If you are in a strong downtrend you will likely see a fair few big down days posted,
with large filled real bodies. If after one of these the market opens significantly
lower but then does nothing for the rest of the day, this lack of reaction can be taken
as a warning signal that the selling is stalling.
So we can see that the Star patterns that work the best are the ones where there’s
confirmation subsequently, which sets the scene nicely for the next pair of patterns:
the Morning and Evening Stars
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