How to Trade the Bearish Evening Star Pattern 🌟

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Evening Star Candlestick Pattern http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE The Evening Star Pattern is normally considered a bearish reversal pattern, that usually materializes at the top of an uptrend.

Evening Star Candlestick Chart Pattern

This is a nice, powerful reversal pattern that you would use to identify a potential short opportunity. This seems to work better on higher timeframes so may work better for swing traders. The actual theory is that you have a bullish candle on Day 1, and a candle on Day 2 with a small body - so bullish Day 1 and a bit of indecision on the second day. Day 3 is when you get a confirmation that this is a potentially good evening star trade. You want to gap down the close. If you're going to take the evening star trade you know where the risk is and how much you are prepared to risk so you can adjust the position size. Always measure the risk relative to the quality of the trade and the position of the evening star pattern.

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