Evening Star Candlestick Pattern In technical analysis, candlestick patterns help traders identify potential market reversals and trend continuations. One of the most reliable bearish reversal patterns is the Evening Star . This pattern often appears at the top of an uptrend and signals a possible shift from bullish to bearish momentum. What Is the Evening Star Pattern? The Evening Star is a three-candlestick pattern that forms after a strong upward trend. It indicates that buying pressure is weakening and sellers may soon take control. Structure of the Evening Star First Candle (Bullish): A long green (or white) candle that confirms strong buying momentum. Second Candle (Indecision): A small-bodied candle (doji or spinning top) that gaps up, showing market indecision. Third Candle (Bearish): A strong red (or black) candle that closes well into the body of the first candle. This sequence visually resembles a star at the top of a price move—hence the name Evening Star , symb...