Tuesday, March 16, 2010

Evening Doji Star Candlestick Pattern

The evening doji star is one of the most bearish candlesticks, consisting of a large uptick in price, followed by a doji, then a decreasing candlestick. This three candlestick pattern is extremely effective in finding market tops, as it reflects a move to the upside, indecision, then a large dip in the current price. This candlestick pattern is only found at market tops.

Here is an example of the Evening Doji Star candlestick pattern:




Related Articles


No comments:

Post a Comment