'Evening Star' Formation in Nifty Day chart
A bearish candlestick pattern consisting of three candles that have demonstrated the following characteristics:1. The first bar is a large white candlestick located within an uptrend.
2. The middle bar is a small-bodied candle (red or white) that closes above the first white bar.
3. The last bar is a large red candle that opens below the middle candle and closes near the center of the first bar's body.
As shown by the chart above, this pattern is used by traders as an early indication that the uptrend is about to reverse.
Read more: http://www.investopedia.com/terms/e/eveningstar.asp#ixzz1g1OjHtyB
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