The Magic of Stars in Trading: My Personal Experience with Bearish and Bullish Patterns

I have spent entire nights analyzing charts, and I can swear that the Morning and Evening Stars are like celestial messengers in the chaotic world of trading. What a hassle that no one taught me about them when I started losing my money!

Night Star: My Favorite Bearish Pattern

When I see a Shooting Star form, I can almost feel the fear of the bulls. It's fascinating:

1. First candle: A gigantic green candle where buyers believe they are the kings of the market
2. Second candle: A small body floating above as if saying "Are you sure you want to keep buying?"
3. Third candle: BOOM! A red candle that shatters the hopes of those who bought at the highs.

I enter selling just as the next candle opens and place my stop above the peak of the second candle. It's ridiculous how some traders ignore these obvious signals.

Morning Star: The Light at the End of the Tunnel

This pattern has saved me from desperate situations. It appears when everyone is selling like crazy:

1. First candle: Red and large, blood runs in the market
2. Second candle: A small indecision, almost nobody notices it.
3. Third candle: A green candle that breaks upward, leaving behind those who sold in panic.

I buy at the next opening and my stop is below the low of the second candle. Why do so many platforms not teach this?

The Reality That No One Tells

Look, these patterns are powerful, but I have also lost money blindly trusting them. They work better when you confirm with volume and resistances.

These large platforms tell you that you will win 80% of the trades, but it's a blatant lie. In my experience, you need to combine them with other indicators and have iron discipline.

Once you master these patterns, you will have a real advantage while newcomers continue to fall into traps. But please, do not believe that this will make you rich overnight as some "gurus" promise.