Evening Star

In technical analysis, an Evening Star is a three candle pattern that is used by chartists to signal the end of an uptrend and the beginning of a reversal.

Evening Stars are typically found at the top of upward trending markets.

Firstly you have a large upward candle, this is followed by a small candle, either upward or downward, with a closing price that is above the previous candle, finally a large downward candle that opens below the second one and closes at around the midpoint of the first candle.

Evening stars signal a bull move that is running out of steam. As the buying power of the bulls begins to wane, this gives the bears a chance to reassert their dominance.

visa mastercard paypal transfer skrill sofort giropay trustly

Open your EverFX account

It takes a few minutes and even fewer clicks to enter the promising and exciting world of trading. Take the first step by clicking the link below.
Trading involves significant risk of loss