An Evening Star is a set of the following candles (in sequence):
1. A long bullish candlestick
2. A star above it (either bullish or bearish)
3. A bearish candlestick that closes within the body of the first candlestick
The Evening Star expresses the same logic. The first candlestick shows the bulls in control. Uncertainty sets in with the star candle. The last candlestick confirms the bearishness.
How do we trade it?
Sell below the last bar of the Evening Star formation
