Candlestick Patterns
Evening Star
The Evening Star is a bearish reversal pattern represented by three candles. During an uptrend, a long increasing candle is followed by a green small-bodied candle. The third candle decreases, has a long body and closes below the midpoint of the first candle. This pattern is similar to the Evening Doji Star and is commonly used to anticipate bearish movements. The Evening Star pattern represents how bears and bulls fight during an upward movement, which creates a small-bodied candle with long wicks. Finally, the bears take over the market with a long red candle, which initiates falls in the price Commonly, this pattern leads to a bearish reversal, which can be used to close positions or open shorts. Therefore, if selected in your strategy, it will signal a sell.
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