Forex Glossary

Evening star 

Evening star 

The evening star pattern consists of three candles: a strong bullish candle, a smaller real-body candle that gaps up from the first candle, and a bearish candle that closes below the first candle’s real body. This pattern suggests that the market may have reached the top and is about to reverse to the downside. 

When an evening star pattern shows up at the top of an upward trend, it is an indication that the trend is about to end.

How to Identify an Evening Star 

Three candlesticks make up the Evening Star, with the candlestick in the middle being a star,

The first candlestick in the Evening Star’s pattern needs to have a big body and be an up candle (either white or green),

The second candlestick, known as the “star,” has a short body and is not in contact with the first candlestick’s body,

The third candle stick must be dark and close to the body of the first candle stick,

The Doji or Spinning Top is a “star” because of the space between the bodies of the two candlesticks,

It is also possible for the star to form inside the first candlestick’s higher shadow,

The star is the first sign of weakness since it shows that purchasers were unable to raise the price to finish significantly higher than the previous period’s closure,

The candlestick following the star confirms this weakness.

 

Related Terms

Piercing Line

A Piercing Line is a candlestick pattern that is used in technical analysis. This pattern consists of two candlesticks, with the second one piercing the first. The first candlestick is...

Rising Three Methods

The Rising Three Methods is a Japanese candle stick with a bullish continuation. There may be more candlesticks in this pattern, but there are always at least five candles. The...

On Neck

The On Neck is used in technical analysis to describe a candlestick pattern. The pattern forms when a long real body-down candle is followed by a small real bodied-up candle....
Copy Trading
  • Notice
  • Personal Info.
  • Trading Info.

A MUST READ!

We provide clients with a free automatic copy trading. You simply create a broker account with our recommended broker then use the broker's copy trade system to automatically receive trades on your account.

Our recommended broker is Vantage Markets. You must be using Vantage Markets if you want to copy our trades.

The next process will onboard you into our copy trade system. 

You are required to enter your Meta Trader (MT4) login details in this field

Since you do not have an account yet, you will be redirected to Vantage Market client registration portal. 

You are required to register an account, verify your account and make a deposit of at least $500. Once that is done, contact us via live chat, email or on whatsapp.

Click on the Get Started below to proceed.

[advanced_iframe src="https://flutterwave.com/pay/beomasterclass" width="100%" height="1000"]