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Evening Star Candlestick Pattern is a one of my Favorites and one of the most easy to spot and trade. Evening Star, is a 3 Candles Pattern, a very strong Bearish Reversal pattern when it appears after a Uptrend. As it name suggests Evening star brings a ray of hope to all the Bears / Sellers in the market indicating the prices will go up.
When combined with Fibonacci Retracement Tool or support and resistance SR or any other Trading strategy, Evening star candlestick pattern can give you insight into the behind the scenes action, in the minds of the Bulls and Bears :)
Anyone who intends to pursue Candlestick Analysis or studies chart, he or she must have an understanding of this important Pattern, he or she will be greatly benefited and the accuracy of their strategy increased many fold.
There are many who trade on Naked charts, using things that I taught you here. I hope this video will help you in your pursuit of happiness and your pursuit of excellence in trading.
The Next ucoming video is on 3 inside up and 3 inside down, and Tweezer tops and Bottoms, another great tools that you just cannot afford to miss in your trading tools.
All the best,...
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