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Evening Star - A Typical Example
PIRAMAL PHARMA LTD
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Evening Star - A Typical Example
By Ashiq996
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Nov 12
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Evening Star
Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end
The evening star pattern is considered to be a very strong indicator of future price declines. Its pattern forms over three days:
The first day consists of a large white candle signifying a continued rise in prices.
The second day consists of a smaller candle that shows a more modest increase in price.
The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Candlestick Analysis
Trading Psychology
Ashiq996
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