Pattern Overview
Description
Three candles with a bullish, doji, and bearish candle.
Meaning
Appears in uptrends; signals potential bearish reversal, as the doji suggests indecision, confirmed by strong selling on the third candle.
What is the Evening Doji Star candlestick pattern?
The Evening Doji Star is similar to the Evening Star, but with a doji as the middle candle, highlighting greater indecision. This pattern consists of a bullish candle, a doji, and a bearish candle, indicating a shift from bullish to bearish sentiment. The doji suggests that buyers are losing control, with sellers prepared to reverse the trend.
Understanding Evening Doji Stars allows traders to recognize market tops, helping them avoid overextended trends. For those wanting to expand their knowledge of indecision patterns, The Chart Guys provide in-depth analysis and practical guidance.
Join The
Chart Guys!
To learn from other experienced traders and technical analysts, why not join our unique trading community? We can't wait to welcome you in our trading room to answer your questions and help you achieve your goals.