Evening Star
BearishReliability: MediumAlso called · evening doji star
The mirror of the morning star. A three-candle bearish reversal at a high.
How to spot it
- Long bullish → small body → long bearish
Why this shape forms
A large up candle, a small one, then a large down candle. The advance stalled in the middle and reversed on the third.
Where it actually means something
It belongs near the high of an uptrend. The same shape early in a move is just a pullback.
What else to check
The third candle should give back at least half the first candle body. Volume arriving on the third makes it clearer.
This means you're wrong
If the third bearish candle can't break half of the first bullish one, the signal is weak.
The mistake beginners make
Ignoring volume. A version that prints without force rarely works.
Easy to confuse with
It is the morning star with the direction flipped, and the judging criteria are identical, including the size of the middle candle.
Real examples from the community
Patterns are probabilistic tendencies, not guarantees. This is not investment advice.