Candlestick Formation: Evening Star

The Evening Star is a strong reversal pattern that is composed of the Doji candlestick and two candles. It is the perfect reversal pattern. Its first candle is a full bullish candle, followed by a Doji that signals indecision, and the last candle signals the final reversal - full bearish candle.

Examples of the Evening Star in trading:

An Evening Star can also be constructed from several Dojis. This is an Evening Star with slower indecision period and slower reversal. It is also a powerful patten:

When using the pattern to signal Short entry, it will be signaled when price has got below the low of the last Doji:

Note the the Evening Star itself would not suffice for a profitable entry and should be traded with confirmation of a strong chart pattern or Support and Resistance level. Candlesticks are never the basis for trades, only a method of timing entries at stronger chart patterns.

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