TECHNICAL ANALYSIS FOR BEGINNERS PART (9)

The Evening Star Candlestick Pattern;

The Evening Star Candlestick pattern is the bearish equivalent of the Morning star Candlestick pattern.

It consists of three candles: a long green candle, a smaller red candle, and a final long red candle.

The long green candle shows an uptrend, while the smaller red candle shows a potential reversal.

The final long red candle confirms the reversal and signals a new downtrend.

Just like the Morning Star pattern, the evening star pattern should be confirmed with other technical indicators.

It's also important to consider the overall market sentiment.