Bearish #Candlestick Patterns
Understanding bearish candlestick patterns helps traders identify moments when buying momentum might be running out-setting the stage for a potential downward shift.
Evening Star
A three-candle formation that signals a shift from buying pressure to selling dominance. It starts with a strong bullish candle, followed by a small-bodied candle of indecision, and concludes with a large bearish candle that cuts deep into the first.
This pattern often appears at the end of an uptrend.