How Do You Draw Evening Star Candles Setup?

Interpret Evening Star Candlestick Bullish or Bearish

Evening Star Candlestick Pattern

Evening star candlesticks setup is a 3 day bearish reversal pattern.

The first day is a long white candle.

Second day is the Evening star which gaps away from long white candlestick.

Third day is a long black candle that fills the trading gap.

The filling of the trading gap & closing of the black candle below gap is a strong bearish signal.

Traders should open a sell trade once the market closes below the gap formation of Evening star candle-sticks setup. This is the confirmation signal of a sell signal generated by this Evening star candles setup.