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Definition of 'Evening Star'
A bearish candlestick pattern consisting of three candles that have demonstrated the following characteristics:
1. The first bar is a large white candlestick located within an uptrend.
2. The middle bar is a small-bodied candle (red or white) that closes above the first white bar.
3. The last bar is a large red candle that opens below the middle candle and closes near the center of the first bar's body.
As shown by the chart below, this pattern is used by traders as an early indication that the uptrend is about to reverse.
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Investopedia explains 'Evening Star'
Evening star formations can be useful in determining trend changes, particularly when used in conjunction with other indicators. Many traders use price oscillators and trendlines to confirm this candlestick pattern.
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Search results for 'Evening Star'
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http://www.investopedia.com/articles/trading/07/star-formations.asp
... This article will focus on three patterns that have proved to be very reliable
over time: the morning star, the evening star and the doji star. ...
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http://www.investopedia.com/articles/technical/03/020503.asp
... On the bearish side, we will have a closer look at the engulfing pattern,
the evening star and both the harami and the harami cross. ...
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http://www.investopedia.com/articles/forex/05/AndrewsPitchfork.asp
... the pitchfork (point A1). Zooming in a little closer in Figure 4, we see
a textbook evening star formation. Here, the once-rising ...
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http://www.investopedia.com/articles/trading/06/AgainstMACD.asp
... Price zigs. A hammer at key support! Price zags. An evening star following
a double top at key resistance! And where's the MACD? ...
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http://www.investopedia.com/articles/forex/06/BandsChannels.asp
... trader can see a low-risk sell opportunity as we approach the upper band at Point
A. Waiting for the second candle in the textbook evening star formation to ...
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http://financialedge.investopedia.com/financial-edge/1111/5-Holiday-Gift-Ideas-For-Men.aspx
... widely anticipated massively multiplayer online role-playing game "Star Wars: The ...
A rotisserie attachment, clip-on light (for evening grilling), grilling tool ...
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http://stocks.investopedia.com/stock-analysis/2010/Dining-On-Fast-Food-Profits-CMG-DPZ-DIN-PBJ-SPY0914.aspx
... consumers to begin spending, albeit cautiously, on a simple evening on the ... investors
hungry for profits should consider the above three, star performers from ...
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