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Evening Star

 

Description

 

This reversal pattern is one of the major 12 candlestick patterns.

 

After an uptrend, a reversal is signaled by a long black candlestick.

 

First, there is a white candlestick at the end of an uptrend. The next day gaps up however with a small trading range. This is the “star of formation”. The third day the black candlestick indicates that the bears have taken over, causing a close at least half way down the first day’s white candlestick. The strongest signal would be if there was a gap before and after the star day.

 

The longer the white and black candlesticks, the stronger the pattern.

 

Market Opinion

 

Bearish.

 

Pattern

 

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Evening Star_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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