12. The Evening Star

The Evening Star: 

The Evening Star consists out three candlesticks as well. Again we will use only the daily candlesticks in this example.

The Evening Star starts with a green Bullish candlestick, which means a buyers acceleration. Next in line has to be a Shooting Star, Doji or a Spinning Top. Second candlestick represents the irresolution and the certain stop of the upwards acceleration. The third and last candlestick pattern in this particular formation is a red, Bearish candlestick that has to close at the bottom 40% of the first green, Bullish candlestick. After this Bearish confirmation a selling trade can be setup at the beginning of the following candlestick.

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