An Evening Star pattern near a trendline resistance
ZENSARTECH An Evening Star pattern near a trendline resistance can be a strong bearish reversal indication. The Evening Star is a three-candle pattern where a strong bullish candle is followed by a small-bodied/indecision candle and then a strong bearish candle. When this formation occurs near a well-established trendline resistance, it suggests that buyers are losing momentum and sellers are becoming active at the resistance zone. A bearish confirmation with increased volume and a break below the recent swing low can strengthen the downside setup.
In simple terms:
Trendline resistance + Evening Star + bearish confirmation = potential downside/reversal setup.
chart is attached for study purpose
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