Evening Star i

The Evening Star is a bearish reversal candlestick pattern that typically appears after a strong uptrend, signaling that buying momentum is weakening and sellers may be taking control. The pattern consists of three candles: the first is a strong bullish candle, the second is a small-bodied candle (indicating market indecision), and the third is a strong bearish candle that closes well into the body of the first bullish candle. This formation reflects a shift in market sentiment from bullish to bearish. The pattern becomes more reliable when it forms near a major resistance level, trendline resistance, or after an extended rally, and is supported by higher trading volume or confirmation from indicators such as RSI or MACD. Traders often wait for the price to break below the low of the Evening Star pattern before considering a bearish trade. $RELIANCE