Evening Doji Star is a bearish trend reversal candlestick pattern consisting of three candles.
The Evening Doji Star candlestick pattern is recognized if:
The first candle is long and bullish and continues the uptrend;
The second candle is Doji that gaps up from the first candle;
The third candle is bearish and closes below the first candle's midpoint.
||The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long. If the body height of a candle is less than 5% of this average, it is considered a Doji candle.|
||The number of preceding bars to check if the trend exists.|
||The Evening Doji Star candlestick pattern.|