A Evening Star pattern in the daily chart of the EUR/USD.
The Evening Star is a summit of education and is considered as a reversal signal after an uptrend. It occurs in the Form of a small candle, whose body is above the first candle’s body. The third candle penetrates far into the body of the first. The third candle of this Evening Star pattern reflects the assertiveness of the bears. The first candle should be covered at least half of the third candle.
The candle pattern suggests a reversal of the trend, when the RSI is above 50%. The pessimists assume command.
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