Bitseven Japanese candle “Star” – the basics (2019)

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Japanese candle “Star” – the basics

Today we will continue our studying of Candle Analysis and the new topic will be the combination of Japanese candles “Star”.
The “Star” on the price chart is a candle with a small body, separated by an easily visible gap in the chart from the candle with a large body preceding it. The following types of Japanese candles can play the role of a “Star”: spinning tops, hammers and doji.
This opening is called “gap”. A gap describes such a situation when a gap arises between the closing price of one trading interval and the opening price of the following trading interval. One of our subsequent publications will be devoted to this phenomenon. Today, we need to learn that the “gap” in trading is the result of a abrupt change in the asset rate.
The combination of Japanese candles “Star” corresponds to the following characteristics: the presence of a gap between two candles, the imposition of shadows of two candles, the position on the top and at the base of the chart, the color does not matter.
Let’s look at the following variations of the “Star” combination, like “Morning Star” and “Evening Star”.
The “Morning Star” is located at the base of the chart, made up of three candles, the first two candles are the star itself, the third candle of white or green color covers a significant part of the first candle of red or black color, indicating a trend change at the base.

The “Evening Star” is located at the top of the chart, it consists of three candles, the first two candles are the star itself, the third candle of red or black color covers a significant part of the first candle of green or white color, indicating a trend change at the top of the chart.



Japanese candle “Star” – the basics

Today we will continue our studying of Candle Analysis and the new topic will be the combination of Japanese candles “Star”.
The “Star” on the price chart is a candle with a small body, separated by an easily visible gap in the chart from the candle with a large body preceding it. The following types of Japanese candles can play the role of a “Star”: spinning tops, hammers and doji.
This opening is called “gap”. A gap describes such a situation when a gap arises between the closing price of one trading interval and the opening price of the following trading interval. One of our subsequent publications will be devoted to this phenomenon. Today, we need to learn that the “gap” in trading is the result of a abrupt change in the asset rate.
The combination of Japanese candles “Star” corresponds to the following characteristics: the presence of a gap between two candles, the imposition of shadows of two candles, the position on the top and at the base of the chart, the color does not matter.
Let’s look at the following variations of the “Star” combination, like “Morning Star” and “Evening Star”.
The “Morning Star” is located at the base of the chart, made up of three candles, the first two candles are the star itself, the third candle of white or green color covers a significant part of the first candle of red or black color, indicating a trend change at the base.

The “Evening Star” is located at the top of the chart, it consists of three candles, the first two candles are the star itself, the third candle of red or black color covers a significant part of the first candle of green or white color, indicating a trend change at the top of the chart.

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