The Evening Star candlestick pattern is a powerful bearish reversal pattern used in technical analysis to signal a potential trend change from an uptrend to a downtrend. This pattern appears near the top of an upward price movement, indicating that bullish momentum is fading and that bearish pressure may soon dominate. Understanding and identifying the Evening Star pattern can help traders make well-timed exit points in an uptrend or even signal the start of a new short-selling opportunity. Structure of the Evening Star Candlestick Pattern The Evening Star is a three-candle formation that consists of the following elements: How to Recognize the Evening Star Candlestick Pattern When identifying the Evening…