The Evening Star Candlestick Pattern – School
What is the Evening Star?
The Evening Star is a multiple candlestick chart pattern that consists of three candlesticks.
This candlestick pattern indicates that a bearish reversal is taking place after the end of an uptrend.
The Evening Star Pattern
The Evening Star consists of three candlesticks that indicate a bearish reversal. The first candlestick is a bullish candle and indicates the continuation of an uptrend.
The second candlestick is found completely outside the body of the first and third candlesticks. This candle is a Doji which indicates that it is uncertain about its market direction.
The third candlestick is a bearish candlestick and indicates that a bearish reversal is taking place.
