Stars

Shooting Star

- price advanced well above open price at a certain time during day but closes lower than open price. 

- black body with long upper wick. 

- upper wick must be more than twice as large as black body. 

- lower wick must be very small or nonexistent. 

- must be on a bullish trend to be considered a shooting star! 

 

 

Shootingstar

Morning Star

- bullish candlestick pattern --> current downward trend is going to reverse. 

It contains 3 candles. 

 

First day: 

- large black candle --> bears pushing the price down. 

 

Second day:

- gap opening even lower --> bears keep on pushing the price down. 

- small candle = doji = indecisiveness --> battle bears vs bulls that close at lower price than previous close. 

 

Third day: 

- large white candle that opens above the middle candle --> price recovery --> bullish

 

 

 

     

Morningstar

 

     

Evening Star

- bearish candlestick pattern --> current upward trend is going to reverse. 

 

It contains 3 candles. 

 

First day: 

- large white candle --> bulls pushing the price up. 

 

Second day:

- small candle that closes above the first candle  --> upward trend is slowing and becoming weaker. 

 

Third day: 

- large black candle that opens below the previous candle and closes somewhere near the middle of the first candle's body. 

 

 

                Eveningstar

 

                 

Add a comment

 

The NEW website is OUT! 

Go have a look at https://www.derivativesacademy.com.

You will find the content in the 'Derivatives Academy' section in a book format. 
The full content is not yet available as I am rewriting it and improving it.

You can try the Exotic Derivatives pricer under the 'Derivatives Pricer' section (
https://www.derivativesacademy.com/derivatives-pricer/). I will speed up the page soon as I forgot to compress some images.
Each application allows you to price differents products and contains links towards the correct section of the book. 
You will then be able to get practical and theoretical knowledge quite easily.

I teach quite often using the pricer. You can get so much information and answers to your questions thanks to it.

Take advantage of it as much as you can to hone your knowledge!

If you are looking for junior opportunities in the field of market finance. Register yourself on the website. It's free!

If you have any questions, do not hesitate to contact me on info@derivativesacademy.com.