Evening Star - Candlesticks Reversal Patterns
After an upward trend a Doji appears after a gap upwards. A red candlestick apears arter a gap downwards leaving the Doji Up in the air. This is why this Doji is called an Evening Star.
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This is a bullish reversal
pattern
that has high reliability.
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Evening Star
An Evening Star appears after an upward trend and is followed by a red candlestick opening much lower.
Trading Psychology
1.It is a sign of trend indecisiveness and a weakness to the strength of a trend signaling a possible trend reversal.
2. At a certain level there was no more buyers indicating the perception that this was no longer an attractive price. Sellers did not enter aggressively enter showing haste and uncertainty.
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