📉 What is the Evening Star Pattern?
The Evening Star is a 3-candle pattern that usually appears at the top of an uptrend and signals a potential trend reversal to the downside.
🧱 Structure of the Pattern
1. First Candle:
🔹 A large green (bullish) candlestick
🔹 Indicates strong continuation of the existing uptrend
2. Second Candle:
🔹 A small-bodied candle (green or red)
🔹 Called a Doji or spinning top
🔹 Shows market indecision
🔹 It can gap up from the previous candle (optional)
3. Third Candle:
🔹 A large red (bearish) candlestick
🔹 Closes well into the body of the first green candle
🔹 Confirms the start of a potential downtrend
