What Is an Evening Star Pattern?
An Evening Star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle.
Evening Star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end. The opposite of the Evening Star is the Morning Star pattern, which is viewed as a bullish indicator.
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