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Market Intelligence › Basic Terminologies
Its opposite, a three-candle formation with a banner at the top.
Published by The Retail Trader · JUL 31, 2026 · Price Action
Evening Star — its reverse, top par three-candle formation.
This term comes under Price Action, in the section "CANDLE PATTERNS: PART 2". Some patterns are made up of two to three candles. There is no need to remember them separately – their logic is the same: one taraf is losing control.
Other terms in this group — understanding them together is more useful:
• Morning Star
• Three White Soldiers
• Three Black Crows
• Piercing Pattern
• Dark Cloud Cover
• Hanging Man
• Dragonfly Doji
• Gravestone Doji
• Inside Bar
• Outside Bar
• Pin Bar
• Rising / Falling Three Methods
To read the entire group and all its examples in one place, see the journal "PRICE ACTION: THE LANGUAGE OF THE CANDLE" - this term is taken from there.
This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.