• Thursday, 13 May 2010 20:38
• Written by Desmond Wira

Evening Star candlestick signals bearish reversal. This candle pattern is the exact opposite of Morning Star. This pattern characterized by 3 candle. One is white candle, candle in the middle is a Spinning Top, and the last candle is black candle. Reversal signal created from this candle is pretty strong. So, you have to be careful when seeing this candle pattern. Usually this candle pattern confirms a trend reversal.

Type: Bearish Reversal Characteristic: Consist of 3 candles Candle #1: White candle Candle #2: Spinning Top. If this candle is Doji, then the pattern is called Evening Doji Star. Candle #3: Black Candle Usually the black candle has longer body than the white candle. The longer the body indicates stronger signal Usually there's some distance between closing price in white candle and opening price in black candle. The longer the distance indicates stronger signal.

Go back to Learning Technical Analysis Index | Candlestick Chart Index