Evening Star Definition | Forexpedia™ By

Forexpedia

1. Home
2. Topics
3. Candlestick Patterns

TranslateEnglishالعربية (Arabic)Deutsch (German)Español (Spanish)Français (French)Bahasa Indonesia (Indonesian)Italiano (Italian)日本語 (Japanese)한국어 (Korean)Bahasa Melayu (Malay)Português (Portuguese)Portuguese (Brazilian)ไทย (Thai)TagalogTiếng Việt (Vietnamese)🔥 (Gen Z Slang)简体中文 (Simplified Chinese)繁體中文 (Traditional Chinese)

1. English
2. العربية (Arabic)
3. Deutsch (German)
4. Español (Spanish)
5. Français (French)
6. Bahasa Indonesia (Indonesian)
7. Italiano (Italian)
8. 日本語 (Japanese)
9. 한국어 (Korean)
10. Bahasa Melayu (Malay)
11. Português (Portuguese)
12. Portuguese (Brazilian)
13. ไทย (Thai)
14. Tagalog
15. Tiếng Việt (Vietnamese)
16. 🔥 (Gen Z Slang)
17. 简体中文 (Simplified Chinese)
18. 繁體中文 (Traditional Chinese)

An Evening Star is a  bearish reversal candlestick pattern consisting of three candles: a large bullish candlestick, a small-bodied candle, and a bearish candle.

Evening Star patterns appear at the top of a price uptrend, signifying that the uptrend is nearing its end.

The opposite of the Evening Star is the Morning Star pattern, which is viewed as a bullish reversal candlestick pattern.

To identify an Evening Star pattern, look for the following criteria:

• The Evening Star consists of three candlesticks, with the middle candlestick being a star.
• The first candlestick in the Evening Star must be an up candle (white or green) and must have a large body.
• The second candlestick is the “star”, which is a candlestick with a short body and does not touch the body of the first candlestick.
• The gap between the bodies of the two candlesticks is what makes the Doji or Spinning Top a “star”.
• The star can also form within the upper shadow of the first candlestick.
• The star is the first indication of weakness as it indicates that the buyers were unable to push the price up to close much higher than the close of the previous period.
• This weakness is confirmed by the candlestick that follows the star.
• The third candlestick must be a dark candlestick that closes well into the body of the first candlestick.

Meaning

This Evening Doji Star acts as a bearish reversal of the upward price trend because price rises into the pattern and breaks out downward.

A downward breakout occurs when price closes below the bottom of the three-candlestick pattern.

Since the price in the last candle is already near the low, a downward breakout is expected.

Helpful Links

• What is a Japanese Candlestick?
• Basic Japanese Candlestick Patterns
• Japanese Candlestick Anatomy
• Japanese Candlestick Cheat Sheet
• Single Candlestick Patterns
• Dual Candlestick Patterns

Related Terms

• Evening Doji Star

  An Evening Doji Star consists of a long bullish candle, followed by a Doji that gaps up, then a third bearish candle that gaps down and closes well within the body of the first candle. An Evening...

• Harami

  The Harami pattern consists of two candlesticks with the first candlestick being a large candlestick and the second being a small candlestick whose body is contained within the first candle’s...

• Morning Star

  The Morning Star is a bullish three-candlestick pattern signifying a potential bottom. It warns of weakness in a downtrend that could potentially lead to a trend reversal. The morning star consists...

• Gravestone Doji

  The Gravestone Doji is a Japanese candlestick in which the open and close price of the candle is at the same level or is very close to the same level. A Doji candle that opens and closes at or near...

• Bearish Engulfing Pattern

  The Bearish Engulfing pattern is a two-candlestick pattern that consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that surrounds or “engulfs” the...

Partner Center

I have no special talent. I am only passionately curious.Albert Einstein