The strong black real body of the third day is a proof that the bears have taken over. An ideal Bearish Evening Star Pattern has a gap before and after the middle real body.
Evening Star Pattern:
A large white body followed bya small body that gaps above the white body. The third candlestick is a black bodythat closes 50% or more intothe white body.
Interpretation: A top reversal signal.
Evening Star Pattern
The bearish counterpart of the morning star pattern; a top reversal, it should be acted on if it arises after an uptrend.
Evening star patterns are more reliable trend reversals than shooting stars because they offer confirmation of the reversal.
****** HIGH BEARISH REVERSAL PATTERN ****** ...
The Evening Star Pattern
The Evening Star is a bearish, top trend reversal pattern that warns of a potential reversal of an uptrend.
The Evening Star pattern is a top reversal signal. It is exactly the opposite of the Morning Star signal. Like the planet Venice , the evening star, it foretells that darkness is about to set or that prices are going to go lower.
The Evening Star Pattern is a bearish reversal pattern, usually occuring at the top of an uptrend. The pattern consists of three candlesticks:
Large Bullish Candle (Day 1)
Small Bullish or Bearish Candle (Day 2)
Large Bearish Candle (Day 3) ...
The bearish evening star pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), but it is most relevant when it occurs during a significant upward trend.
Morning and Evening Star patterns stand out easily due to the long bodied candles involved. These are reversal patterns also.
The bearish evening star pattern bears some resemblance to the bearish two crows pattern.
GFF was in a steady uptrend when it formed an Evening Star pattern at an area that was previously established as possible resistance.
The Abandoned Baby pattern is similar to the family of Morning Star and Evening Star patterns. It is almost the same as Morning Doji and Evening Doji Star.
A top reversal signal, more bearish than the regular evening star pattern.
Candlestick Patterns - An Overview page 16 of 41
Daytrader's Bulletin - S&P 500 and Nasdaq Futures ...
In an uptrend, a big white candle is followed by a small candle with a rising window and a lower closing price, forming an evening star pattern. Next, there are a number of small, mostly black candles.
The lack of direction that the doji illustrates can offer a potent reversal signal, especially if it is followed by a candle in the anticipated direction. Therefore, when a doji represents the star of the morning and evening star pattern, ...
 See also: Evening Star, Pattern, Trend, Candle, Bearish
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