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THREETREND RESEARCH

3rd Oct · SEBI Registration INH000022729

The Evening Star pattern is a bearish candlestick

MARUTI
The Evening Star pattern is a bearish candlestick reversal pattern that generally appears after an uptrend and indicates that buying momentum may be weakening. It consists of three candles: a strong bullish candle, followed by a small-bodied candle showing indecision, and then a strong bearish candle that closes well into the first candle’s body. The pattern becomes more reliable when the third candle confirms the reversal with higher volume or a break below nearby support. Traders generally watch the low of the third candle or the pattern’s support zone for confirmation of further downside. chart is attached for your reference, kindly go through with chart for the study of candlestick pattern.

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