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Candle Stick Patterns – 3



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.

Candlestick Patterns: Morning and Evening Star

We’ll use the Evening Star Pattern on the right as an example of what you may see:

  1. The first candlestick is a bullish candle, which is part of a recent uptrend.
  2. 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.
  3. The third candlestick acts as a confirmation that a reversal is in place, as the candle closes beyond the midpoint of the first candle.

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