Saturday, 26 December 2020

EVENING STAR


✍Evening star pattern made by three or more candle closing at the end of uptrend. 

✍At the end of uptrend a small candle or doji forms in it. This is an highly reliable candle formation which can find out potential top of the trend.

✍The weitage of the candle should be given to shadow or body whichever is more.

✍The trade has to be taken on the closing basis of all three candles and the high of small candle has to be taken as stop loss. 

✍At the top it may form one or 2 small candle, but the body of the candles should be small in size and the stop loss has to be taken on the high of both candles.

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