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An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It's bearish and the opposite of a morning star.
At the completion of the tri-star pattern, traders can also look for divergence between an indicator and price to confirm the prevailing trend is losing momentum. Open a New Bank Account.
This star pattern sits some 15° east-northeast of the bright star Altair in Aquila. Delphinus ranks 69th in size among the constellations in terms of area and is bordered by Equuleus, Pegasus ...
The Shooting Star and Inverted Hammer patterns are characterized by a small body, a long upper wick, and little or no lower wick. The Shooting Star forms at the top of an uptrend, ...
In terms of direction, a morning star candlestick is considered bearish. In other words, it’s a reversal pattern that signifies that an uptrend has reversed into a downtrend.