Evening Doji Star
Candlestick Pattern
Bearish Reversal
Candle Body
The first candle is long bullish, followed by a small Doji and a medium bearish candle.
Candle Wick / Shadow
The Wicks of both bullish and bearish candles are usually the same length.
Candle Colors
The first candle is green, and the last candle is red. The middle Doji is small and red
Modus Operandi
The small, middle Doji must create a higher high and be central between the candles to make it a valid Evening Doji Star. The Doji must be tiny. Evening Doji star occurs at the top of an uptrend and signals potential change as the bulls give way to the bears.
Fun Fact
The small Doji looks like a star in the sky hence the name of the pattern.
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