Evening Star Candlestick Pattern: Does It Mark the Top? (2,181 Cases)
The evening star is the bearish twin of the morning star: a strong up day, a small candle that gaps higher, then a hard down day that cuts deep into the first candle. The rally was going fine, it stalled, and then sellers took over. That’s the story, anyway. Our scanner has logged 2,181 evening stars across 559 US stocks and ETFs over the past three years. Its bullish twin failed our test badly, so I was curious whether this one would too. ...