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Definition

A candlestick formation which is the bearish counterpart of the morning star pattern; a top reversal, it should be acted on if it arises after an uptrend. The morning star and evening star formations do not refer to individual candlesticks, but rather to the position of the candles at the end of the trend, which can be either upward or downward. The evening star, symbolising the beginning of nightfall, suggests that a downward trend is about to start. Any candle formation (i.e. red or green) can be found in an evening star position and it can also be a doji - in other words, where the open and close are at the same level.

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