evening star pattern strategy

Open positions using the evening star candlestick pattern, the evening star itself is a good name for a candlestick pattern to open sell positions as confirmation, I myself also use this pattern. Because the pattern is quite simple and often found, not all evening stars are valid, usually the pattern is valid if used in areas where strong support and resistance are formed.



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The emphasis that not all evening star patterns are valid is also an important point. Many novice traders often consider every appearance of this pattern as a definite signal, even though the market context really determines the quality of the signal. By linking the appearance of the evening star to strong support and resistance areas, analysis becomes more objective and measurable, because the candlestick pattern is supported by a clear price structure.