The Evening Star is a three-candle bearish reversal pattern that appears at the top of an uptrend and is the mirror image of the Morning Star. The first candle is a long bullish (green) candle reflecting strong buying momentum. The second candle is a small-bodied candle that gaps up, showing hesitation at elevated prices. The third candle is a large bearish (red) candle that closes deep into the body of the first candle, confirming that sellers have overpowered buyers. The Evening Star signals a potential trend reversal from bullish to bearish and is most significant when it appears at a resistance zone, after a strong rally, or when accompanied by declining volume on the second candle and heavy volume on the third.
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