Evening Doji Star
A three day bearish reversal pattern similar to the Evening Star. The UpTrend continues with a large white body. The next day opens higher, trades in a small range, then closes at its open (Doji). The next day closes below the midpoint of the body of the first day.
Evening Doji Star is more significant than the Evening Star pattern.
Recognition Criteria:
· UpTrend
· First line is Long White
· Second line is Doji
· Third line is Black
· Second line’s closing and opening prices are higher than the first line’s closing price
· Third line’s closing price is equal or lower than the first line’s half body.
· Third line’s closing price is higher than the first line’s opening price.
Function: EveningDojiStar()
Trend: Bearish
Type: Reversal