
Evening Star Bearish
Characteristics:
– Upward trend.
– The doji is a continuation of the upward trend from the day before but signals indecision.
– Open and close are the same.
– The shadow is not long.
– Third day confirms bearish trend. Black candle should be half the white candle.
Notes:
– The longer the white and black candles the greater the indecision.
– The longer the shadows of the star, the more chance of reversal.
– Gaps before and after the star increase the chance of reversal.