Posts Tagged ‘ Evening Star ’


SPY Evening Star

Written by Neboxian
November 12th, 2009

Evening Star Doji

The Evening Star is a Reversal Candle Pattern.
This dotted yellow line and blue candle is what the next trading day should look like.
Spy eod 111209 Evening Star

NeboXian's Extreme SPX Bollinger & Evening Star

Written by Neboxian
August 25th, 2009

SPX-BB-high-082509-hammer

 

Spx-bb-ext-reme-082509-close-up

This is the Third Extreme Bollinger Band touch of the Daily SPX with an Evening Star  potential Pattern. The Evening Star  is a Reversal Candle Pattern and should confirm on end of next trade session with a red candle closing half way down the previous Day or in this case with 2 Doji’s the Friday candle would work also… We can expect the Keltner Channel (purple)to flip to the flat side and price should trade sideways for 3 to 4 days and at least return to the Mean Spx 1001. We saw this happen the beginning of May where price turned down quikly and then again in June but price traded sideways for 9 days before turning down. This time I expect to see the price move to the lower top  BB band Spx 975 over the next 7 to 16 days. Sometimes after conformation this structure will retrace to the Star High within 3 to 7 candles …This would be the best low risk high reward short entry. If price breaks more than 10 points above the high exit short and wait for retest of SPX 1041 support for long entry.