What Happens after an Evening Star Candle? - Is Evening Star Candle Bullish or Bearish?
What Happens after an Evening Star Candles Pattern? - Evening Star Bearish Candles 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 closing of the black candle below the gap is a strong bearish.
Forex Traders should open a sell trade transaction once the market closes below gap setup of Evening star candlesticks pattern. This is confirmation signal of a sell signal derived & generated by this Evening star candlestick pattern.
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