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The "Evening Star" in trading: How to identify a trend reversal? The Evening Star is a powerful candlestick formation in technical analysis that warns of a potential reversal in an uptrend. šŸ“ˆCandlestick formation: The pattern consists of three candles. The 1-st candle is bullish, the 2-nd is a short candle with a small body and an upward shadow, and the 3-rd is bearish. āœ“ļø Upper shadow of the 2-nd candle: Indicates that prices initially rose above the opening but then retraced and closed near the opening. This forms a short candle known as the "Star." šŸ“ Opening and closing: The 2-nd candle closes below the 1-st candle's close, and the 3-rd candle closes below the 2-nd candle's opening. This indicates a shift in sentiment from rise to fall. šŸ’” When this pattern is detected, it is recommended to refrain from buying "Up" options and wait for confirmation of the situation's development. A full-bodied bearish candle formed after the Evening Star often confirms the trend reversal. #BinaryXCommunity #BinaryX
The "Evening Star" in trading: How to identify a trend reversal?
The Evening Star is a powerful candlestick formation in technical analysis that warns of a potential reversal in an uptrend.

šŸ“ˆCandlestick formation: The pattern consists of three candles. The 1-st candle is bullish, the 2-nd is a short candle with a small body and an upward shadow, and the 3-rd is bearish.
āœ“ļø Upper shadow of the 2-nd candle: Indicates that prices initially rose above the opening but then retraced and closed near the opening. This forms a short candle known as the "Star."
šŸ“ Opening and closing: The 2-nd candle closes below the 1-st candle's close, and the 3-rd candle closes below the 2-nd candle's opening. This indicates a shift in sentiment from rise to fall.

šŸ’” When this pattern is detected, it is recommended to refrain from buying "Up" options and wait for confirmation of the situation's development. A full-bodied bearish candle formed after the Evening Star often confirms the trend reversal.
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BinaryX ($BNX ) is having a rough day!! šŸ˜µ BNX is down over 35% in the last 24 hours,šŸ¤® trading at around $0.74. That's its lowest point since late April. šŸ˜• While we don't know exactly why it's dropping, it's worth noting that BNX had a bit of a suspicious jump a few days ago (almost 20%!), šŸ¤· but the trading volume was pretty low back then too. šŸ™„ Even with this drop, BNX is still way up (over 300%) from its all-time low of $0.17 back in August. So, is this a buying opportunity or a sign of things to come? Keep an eye on BNX to see what happens next! DYOR! #BinaryXCommunity #BNX
BinaryX ($BNX ) is having a rough day!! šŸ˜µ

BNX is down over 35% in the last 24 hours,šŸ¤® trading at around $0.74. That's its lowest point since late April. šŸ˜•

While we don't know exactly why it's dropping, it's worth noting that BNX had a bit of a suspicious jump a few days ago (almost 20%!), šŸ¤· but the trading volume was pretty low back then too. šŸ™„

Even with this drop, BNX is still way up (over 300%) from its all-time low of $0.17 back in August. So, is this a buying opportunity or a sign of things to come? Keep an eye on BNX to see what happens next! DYOR! #BinaryXCommunity #BNX
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I am Earning Daily $ 700 from Binary Trading . interested to join comment here . #BinaryXCommunity
I am Earning Daily $ 700 from Binary Trading .

interested to join comment here . #BinaryXCommunity
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