Evening Doji Star

The Evening Doji Star candlestick pattern occurs during an uptrend; the first day starts with a large body candlestick. The second day is a Doji candlestick. The third day closes below the midpoint of the body of the first day

Evening Doji Star

The Evening Doji Star candlestick formation is a three day bearish reversal pattern similar to the Evening Star. 

 


Evening Doji Star Identification

The Evening Doji Star candlestick pattern occurs during an uptrend.  The uptrend continues on the first day of the pattern with a large body candlestick. The second day opens higher, trades in a small range, then closes at its open, forming a Doji. The third day closes below the midpoint of the body of the first day, resulting in another large body, this time bearish.

Evening Doji Star candlestick pattern

Interpretation of Evening Doji Star

The first candlestick body of the Evening Doji Star, while the market is in an uptrend, shows the continuing bullish nature of the market. Then a Doji appears showing the diminishing power of the longs. There may be one, two or even three Doji. The strong bearish real body on the third day proves that bears have taken over.



An ideal Bearish Evening Doji Star Pattern has a gap before and after the middle real body.  The second gap is rare, but lack of it does not take away from the power of this formation.  The reliability of this pattern is very high, but still a confirmation in the form of a bearish candlestick with a lower close or a gap-down is suggested.

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