• Evening Star

  • Type: Reversal
  • Relevance: Bearish
  • Prior Trend: Bullish
  • Reliability: High
  • # of Sticks: 3

Definition:

Much like the Evening Doji Star this pattern is a 3 candle reversal but instead of the turn being marked by a Doji, it is marked by a small bodies star that can close up or down.  The key is a small body and relatively short shadows which denote indecision.  The confirmation candle body or shadows may overlap the star but the first down candle should not.