Evening Star

The Evening Star is a bearish reversal pattern that consists of three candles. The first candle is a long bullish candle, the second candle is a small candle, and the third candle is a bearish candle that closes below the midpoint of the first candle. This pattern indicates that the uptrend is ending and the price is likely to move lower.

Here are some tips for trading the Evening Star pattern:

• Look for the pattern to form after a strong uptrend.
• The second candle should be small.
• The third candle should close below the midpoint of the first candle.

The Evening Star pattern is a reliable signal of a trend reversal, but it should be used in conjunction with other technical indicators to confirm the pattern.