How do you spot an Evening Star candle?

First candle: long bullish candle continuing the uptrend. Second candle: small body gapping up from the first, a Doji or a small candle (Spinning Top). Third candle: large bearish candle closing below the first's body midpoint.

Is the Evening Star candle bullish or bearish?

A bearish reversal pattern made of 3 candles. Confirmation: built into the pattern. Reference success rate: 72%. You can spot it on live daily candles for any symbol in the members' technical terminal.

Bearish signal ▼ · 18 pattern

Evening Star

The Evening Star is a three-candle bearish reversal that appears at the top of an uptrend, the bearish counterpart of the Morning Star. The first candle is a large bullish one. The second is small and gaps up. The third is a large bearish candle closing below the first body's midpoint.

PATTERN ID

Signal Bearish ▼

Reliability ★★★★★

Win Rate 72%

Expected move -5–12%

Timeframe Daily / weekly

Confirmation Built into the pattern

The short answer

What is an Evening Star candle?: The Evening Star (Evening Star) is a three-candle bearish reversal that appears at the top of an uptrend, the bearish counterpart of the Morning Star. The first candle is a large bullish one.
How do you spot an Evening Star candle?: First candle: long bullish candle continuing the uptrend. Second candle: small body gapping up from the first, a Doji or a small candle (Spinning Top). Third candle: large bearish candle closing below the first's body midpoint.
Is the Evening Star candle bullish or bearish?: A bearish reversal pattern made of 3 candles. Confirmation: built into the pattern. Reference success rate: 72%. You can spot it on live daily candles for any symbol in the members' technical terminal. Open the technical terminal →

Pattern illustration

Bullish → doji with a gap up → bearish candle that crosses the midpoint

How to identify the pattern

Step-by-step checks

First candle: long bullish candle continuing the uptrend
Second candle: small body gapping up from the first, a Doji or a small candle (Spinning Top)
Third candle: large bearish candle closing below the first's body midpoint
Trading volume rises on the third candle, which is the actual confirming candle

Trading psychology

The power struggle between buyers and sellers

Three acts at the top: strong buying (candle 1), a gap up then hesitation (candle 2, bulls and bears level at the high), then a decisive bearish reversal (candle 3). The pattern draws the moment the trend loses its conviction.

Outlook and confirmation

Entry conditions and expected price move

Confirmation is built in: the confirming candle is part of the pattern

Equal in reliability to the Morning Star, among the stronger reversal signals. A move of -5-12% over 7-14 days is possible. Candle 3 closing below the midpoint of candle 1 is the built-in confirmation.

Ideal setting for the pattern

All markets

Suggested timeframe: daily / weekly

Where to find it on the platform

Session summary · Today's lesson for members
After each session closes, we classify the daily candle of SPY by its shape. When it takes this shape, its name appears there along with its body and shadow ratios.
Technical terminal for members
Shows the daily-timeframe candles for any symbol on the platform's list. You identify the pattern by eye: the terminal does not name it.

How it is traded in practice

The mirror of the Morning Star at highs: a strong rise, then a small candle of hesitation, then a red candle that eats half of the first or more. Exit or selling comes on the third candle's close, with the stop above the middle candle's high, the highest point ambition reached before the break. A gap on the middle candle from its neighbors (when present) adds reliability, because it shows enthusiasm cut off and then reversed in three scenes.

Common mistake

Accepting a weak third candle: a red candle that does not reach the midpoint of the first makes the pattern a pause inside a live uptrend, not an Evening Star. The other mistake is ignoring the bigger context. An Evening Star at an all-time high on huge volume is a heavy event. The same shape mid-range in an ordinary market is just a wiggle.