Hi lindfield,
Am a huge fan of candlesticks and have been pouring over Nison's books forever, referring/rereading them, trying to find the meaning behind the patterns.
One thing that Steve emphasizes is that candles or groups of, should be viewed in the context of the overall technical picture/trend.
Morning and evening stars are reversal patterns usually occurring at or nr top of downtrends/uptrends. So the pattern looks pretty good to me but thought I'd just mention that OKN is definitely in an uptrend with the last few days forming a short term pullback. Its probably a moot point but I'd say the morning star pattern is most significant as a bottom reversal pattern, when the overall/longer term trend is a downtrend.
Putting particular patterns into the overall context, support/resistance levels, trend lines, volume (and bollinger bands for me) gives heaps more valuable info on the big picture.
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Hi lindfield,Am a huge fan of candlesticks and have been pouring...
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