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Evening Doji Star, Definition

On a Japanese Candlestick chart, this bearish reversal pattern occurs during an uptrend. The market builds strength with a large white body on the first day, and gaps open on the second day, trading in a small range, and closing at or near its open, creating a Doji. This suggests declining confidence in the current trend. The black third day closes below the midpoint of the body of the first day, and confirms the trend reversal. See also: Evening Star

Related Websites: CandleStick Forum

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