In this video, you'll learn what is the evening star candlestick pattern and how it works.
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Again, Evening Star is just the inverse of the Morning Star the first candle. You can see that the buyers, they're in control. there's the opening price. They drive the price up higher and close near the highs of the day.

Okay, so clearly at this point, right, the buyers, they're in control. And the next day, they thought that, well man, let's drive the price up further. All right, let's push it up to the moon, to the moon. And then what happened is that on the second day, the market form a doji pattern.

So this means that the market is pretty much a neutral for the day. Both buyers and sellers, right, they're kind of like in equilibrium. What happened on the third day today, the market opened at this price point, and then the sellers took control and drive the price down lower and finally closing near the lows of the day. So this tells you that this particular Candlestick pattern, the Evening Star is kind of like a turn-off event, right? Initially, the buyers were in control, your bullish bullish all the way up to the top.

Then you find some pause on the market, right that is dictated by the doji. and then suddenly there's a sudden reversal where the market come down lower, closing near the lows of the day. So this means the market is, you know, rather, the sellers. They are temporarily in control and the market could possibly hit down lower.


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