This pattern is the opposite of the Morning star pattern.
The Evening Star begins with a long green candle.
The next candle is short, it can be both red and green.
The third candle is red, and its body covers most of the body of the first, green candle.
Most often, the Evening Star indicates a bearish trend reversal. If this pattern appears on the chart, the price may start to fall after growth.
Pay attention to 2 points.
1. The larger the body of the third red candle, the stronger the signal.
2. The Evening Star pattern becomes a signal to enter the market only if it is formed after an uptrend.
