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Analysis of Events Following an Evening Star Candle Formation - Determining the Bullish or Bearish Nature of the Evening Star Candle

Evening Star Candlestick Outcome - Bullish or Bearish Evening Star Pattern?

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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