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ForeXecutor Morning Star, Evening Star and Doji Star
ForeXecutor Morning Star, Evening Star and Doji Star
| Morning Star, Evening Star and Doji Star |
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These three formations are all signs that the market has had its fill. I have grouped them together here because the formations are similar, but will rarely if ever be found in the Forex Market. The reason for this is that for the specific set up to occur, the market needs to gap to create the formation. For instance, the Evening  Doji Star requires that between both the previous day and last day, there be a price gap.  The morning star also has the same requirement.  Using is often referred to as a “gray” Morning and Evening Star formations can still be helpful though. Gray meaning it isn’t perfect but with other considerations you may want to trade it. In other words use the formation as a Resistance or support point to trade off. In the following example you will see this. The last blue candle could be viewed as a “gray” morning star. There is rising trend line under it and a Doji candle before it. The following day saw a huge push for the top side. 
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