An Evening Star is three candles: a long up candle, a small-bodied candle that gaps higher (the star), and a long down candle that closes deep into the first body. It captures the shift from buying, to hesitation, to selling at a market top.
How traders read it
- Read it as a reliable bearish reversal after an uptrend.
- A deeper close of the third candle into the first strengthens it.
- A doji as the middle candle sharpens the signal.
See it in dtcharts
Turn on candlestick pattern detection in the dtcharts terminal — every evening star is marked on the chart with its historical reliability score, so you can judge how often it has actually played out.