Morning StarTechnical Analysis
The morning star is a bullish reversal pattern which occurs over 3 days. The first candlestick features a long black or red candle, which shows the sellers are firmly in control of the overall trend. The first bar closes and prices gap down to the next open, which is a small bullish candlestick that closes the day above the open but below the high. This represents market indecision on market value.
The third day confirms the overall pattern. The price gaps up to the third bar’s opening, which solidly rises after possibly decreasing to establish a low. The gap upwards indicates a change in market sentiment towards the asset. The price after the low rises, forming a long bullish candle that exceeds half of the first bar’s length or more. The close will always be above half of the first day’s body. The buyers have acquired full control over the asset. This candle is usually followed with more green or hollow candles indicating continued bullish purchases, or an indecisive candlestick followed by more bullish movement.
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International Economic Analysis:
- Major Currency Economic Summaries
- Performance of Major Imports and Exports
- Mandates of Central Banks versus Expectations
- Performance Indexes of Major Economies
- Economically Correlated Currency Projections
- Large Funds Currency Sentiment Readings
- List of Technical Indicators to Look For
- Occasional: Foregin Exchange Technicals Markups
American Markets Analysis:
- Summaries of American Economic Structure
- Performance of Major
- Federal Reserve Mandate versus Expectations
- Performance Indexes of U.S Economy
- Economically Correlated U.S Dollar Projections
- Large Trading Fund Index Sentiment Readings
- Market Wide Earnings Versus Valuations
- Fundamental Ranking of U.S Business Sectors
- Best and Worst Future Consensus Estimates
- Occasional: Firm Fundamental Strength Report
- List of Technicals to Look for While Trading
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