Evening Star

A bearish reversal pattern consisting of three candlesticks – along white candle extending the current UpTrend followed by a gapped up short candle(the bodies of the two candles don’t touch each other), then a down close with the close below the midpoint of the first day.

This is a bearish pattern signifying a potential top. The “star” indicates a possible reversal and the bearish (filled-in) line confirms this. The star can be empty or filled-in.

 

Recognition Criteria:

·       UpTrend

·       First line is Long White

·       Second line is Spinning Top

·       Third line is Black

·       Second line's closing and opening prices are higher than the first line's closing price

·       Third line's opening price is equal or higher than the first line's half body

·       Third line's closing price is lower than the first line's half body

 

Function: EveningStar()

Trend: Bearish

Type: Reversal