Evening Star
An evening star is a three-candle bearish reversal pattern: a large green candle, followed by a small-bodied candle (gap up), followed by a large red candle that closes below the first candle's midpoint.
Understanding the Concept
This is the bearish counterpart to morning star. The first candle shows strong buying. The second candle's small body shows buyers losing momentum—they couldn't keep pushing. The third candle confirms sellers have taken over. It's called "evening star" because it signals night after the brightness of the uptrend. The pattern works best at resistance or after extended rallies. Gaps between candles strengthen the signal. Volume should increase on the third candle to confirm real selling pressure.
Real-World Example
Ethereum: Day 1 pumps from $3,000 to $3,200 (big green). Day 2 gaps up, opens at $3,250, closes at $3,260 (tiny body). Day 3 opens at $3,200, dumps to $2,950 (big red). Evening star confirmed—bearish.
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