Chandeliers
Evening Doji Star
The Evening Doji Star is a bearish reversal pattern represented by three candles. During an uptrend, a long increasing candle is followed by a Doji. The third candle decreases, has a long body and closes below the midpoint of the first candle. It is a very used pattern in trading, especially used to anticipate bearish moves in the chart. It is usually found during upward moves. Afterward, an indecision candle, Doji, forms at the top of the pattern and is followed by a long decreasing candle that starts a bearish move. The Evening Doji Star pattern represents how bears and bulls fight during an upward movement, which creates a Doji. Finally, the bears take over the market with a long red candle, therefore signaling a sell.
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