The evening star candlestick pattern may
be a bearish candlestick reversal pattern.
It consists of three candles. It occurs in an uptrend
signifying that the end of the uptrend is near and also the starting of
the downtrend is in process
Identification of Bullish Engulfing Candlestick Pattern
The first candle is bullish and preferably occurs at the end
of a significant push up in price.
The middle (second) candle is a small-bodied candle (bull or
bear). The second candle is a small indecision candle.
The third candle is a large candle that opens below the second
and closes near the center of the first candle's body. The third candle is
a decidedly bearish candle that closes below the low of the signal candle.
The third candle is also Confirmation Candle.
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