What Happens after an Evening Star Candle? - Is Evening Star Candle Bullish or Bearish?
What follows the formation of an Evening Star Candle Pattern? – Analysis of the Bearish Evening Star Candle Pattern
Analysis of Evening Star Candlestick Pattern
Evening star candlesticks setup is a 3 day bearish reversal pattern.
First day is a long white candle.
The second day is Evening star which gaps away from the long white candle.
Third day is a long black candlestick which fills the gap.
The filling of the gap and remaining of the black candlestick underneath the space is a sturdy bearish.
Forex Traders are advised to enter a sell transaction after the market closes below the gap created by an Evening Star candlestick formation. This provides the necessary confirmation signal for a short trade derived from this specific Evening Star pattern.
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