Evening star, it means the buyer and seller are in equal level,so if the next day candle is bearish then this is the trend starting for downtrend
, , DOJI
, , DOJI
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Hello,
You have spotted the Evening star in a very nice manner.
You may reconsider the Entry and Target points. Because the evening star pattern is qualified after confirming the direction of the 3rd-day candle only.
As per my understanding, the entry may be made below the low of the 2nd (Doji) day, but we should confirm the 3rd day will definitely close as a red candle.
I hope I am not confusing you.
Hi,
A candlestick reversal pattern on high volume carries more weight than a candlestick reversal pattern on low volume so, volume plays a significant role in the buying and selling of the stocks.