The bearish evening doji star (yoi no myojyo doji bike) candlestick pattern (view full size chart) is one of the triple candlestick patterns (i.e. it consists of three individual candlesticks), and it is a bearish pattern.
The bearish evening doji star candlestick consists of an upward candlestick (e.g. a green candlestick), followed by a smaller doji candlestick (e.g. a candlestick that opens and closes at the same price) that opens (and obviously closes) above the high of the previous candlestick (i.e. a gap up), followed by a downward candlestick (e.g. a red candlestick) that opens below the low of the previous candlestick (i.e. a gap down), and closes below the close, and above the open, of the first candlestick (i.e. in the middle of the first candlestick).
Use In Trading
The bearish evening doji star pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), but it is most relevant when it occurs during a significant upward trend. The bearish evening doji star pattern is a bearish pattern, and can be used as an indication of the end of an upward trend. The bearish evening doji star pattern is somewhat similar to some of the other three candlestick patterns, but once the differentiating aspects are understood, the pattern is relatively easy to identify on a price chart.
