Evening star
A three-candle bearish reversal pattern: a long bullish candle, a small-bodied candle, then a strong bearish candle closing deep into the first.
The evening star is the mirror image of the morning star and appears after a rise:
- a long bullish candle shows buyers in control;
- a small-bodied candle, sometimes a doji, shows the advance stalling;
- a strong bearish candle closes at least halfway down the first candle's body.
The name refers to Venus, visible in the evening sky just before night falls — a fitting image for the end of an advance.
Traders look for it at resistance after a sustained move up, with a third candle clearly larger than recent ones. The textbook version includes gaps between the candles, which are rare in round-the-clock forex, so the practical version relies on bodies.
Common pitfalls:
- calling the pattern before the third candle has closed;
- ignoring the bigger trend — in a strong higher-timeframe uptrend, evening stars on short charts often mark nothing more than a pause;
- spotting it inside ranges, where three-candle sequences like this are routine.
As with any candle pattern, its influence fades quickly. It is a timing hint for the next few candles, not a forecast for the session. See morning star and evening star and reversal pattern.
EUR/JPY on M15: a bullish candle from 163.10 to 163.45, a spinning top near 163.47, then a bearish candle from 163.44 to 163.18, closing below the first body's midpoint of 163.275.