Evening Star / イブニングスター
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A three-candlestick reversal pattern appearing at the top of an uptrend. Composed of a large bullish candle, a small-bodied candle (star), and a large bearish candle. Ideally, the star has gaps from adjacent candles. It marks the turning point where buying exhausts and sellers take control.
Enter short at the open of the next candle after the third bearish candle is confirmed. Verify that the third candle declines to at least the midpoint of the first candle's body.
Project the total range of the pattern (from the second candle's high to the first candle's open) downward from the third candle's close. Or target the nearest support line.
Place a stop-loss slightly above the second candle's (star) high.
Ideally, high volume on the first candle, decreased volume on the second (reflecting indecision), and surging volume on the third.