Evening Doji Star Bearish
Characteristics:
– Upward trend.
– White candlestick is a continuation of the upward trend from the day before.
– Second candlestick will form a doji.
– Third candlestick confirms bearish trend. Black candlestick should be half the white candlestick.
Notes:
– The longer the black and white candlesticks the greater the indecision.
– The longer the shadow of the doji star, the more chance for reversal.
– Gaps before and after the doji star increase the chances of reversal.