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Rick

Evening Star

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Evening Star

The Evening Star is a bearish reversal pattern. It's made of a long white body followed by a small body which gaps higher, which makes the price gap higher on the open, with a small range. The third day is a black body which opens lower and close much lower.

Recognition Criteria:

* The first day is a long white day.

* The second day gap higher from the first day.

* The third day is a long black day and close below the midpoint of the first white day.

(Confirmation is suggested.)

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