Evening and Morning Stars
The morning star and the evening star are triple candlestick patterns that you can usually find at the end of a trend.
They are reversal patterns that can be recognized through three characteristics.
We’ll use the Evening Star Pattern on the right as an example of what you may see:
- The first candlestick is a bullish candle, which is part of a recent uptrend.
- The second candle has a small body, indicating that there could be some indecision in the market. This candle can be either bullish or bearish.
- The third candlestick acts as a confirmation that a reversal is in place, as the candle closes beyond the midpoint of the first candle.