Evening Star Candlestick Chart Pattern

Evening star candlestick pattern is a reversal candlestick chart pattern. It usually comes at the end of an exhausted up trend. It is a bearish reversal candlestick pattern.

When it comes, it indicates that the up trend may be going to be end and a new downtrend may be started. It has high reliability to perform on the chart.

Direction:-- Bearish or Downtrend
 

Type of this pattern: reversal

Reliability on this pattern: High

For evening star candlestick pattern formation, Price should be in a uptrend. After evening star pattern coming, The price may change its direction. This pattern is an indication that a reversal may be coming next.

Major Factors of Evening Star Candlestick Chart Pattern...

1. Price in a uptrend

2. A bullish candle.

3. A gap up.

4. A small bearish candle. But it can be bearish. No problem what is the candle bullish or bearish, but it has     to be small body.

 5. A gap down.
6. A bearish candlestick.
7. Finally, This is an evening star candlestick pattern.



  

• Candlestick Basic(You have to know)
• How to read a candlestick chart?
• Bearish Engulfing
• Bullish Engulfing
• Doji
• Evening star
• Morning star
• Dark cloud cover
• Hammer
• Hanging Man
• Harami
• Inverted Hammer
• Piercing Pattern
• Shooting star
• Tweezers Top
• Tweezers Bottom
• Windows