Evening star is a price chart pattern to detect when a trend is about to reverse. Evening star is a bearish candle stick pattern that consists of three candles.
- A long bullish candle.
- A small-bodied bullish or bearish candle or a doji that happens at or above the close of the previous candle.
- A candle that open at or below the low point of the previous candle's body and closes at or below the center of the first candle.
In order for the pattern to be valid, the sequence of candles must be same as shown in pictures. The pattern should appaer in the context of uptrend in order to signal a reversal and the start of downtrend.
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