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Evening Star |
Evening Star is a bearish candlestick pattern made up of 3 candles.
How to Identify:
The 1st bar is long and bullish and continues the uptrend;
The 2nd bar is short and gaps up from the 1st one;
The 3rd bar is bearish and its Close price is lower than the 1st bar’s midpoint.
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.
The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).
