The Evening Star candlestick pattern is one of the most powerful bearish reversal patterns used by traders in the stock market. It appears at the top of an uptrend and signals that buyers are losing strength while sellers are taking control.
For Indian traders who follow price action, this pattern is highly useful in intraday, swing, and positional trading.
What Is a Bearish Evening Star Candlestick Pattern?
A bearish Evening Star is a three-candle reversal pattern that forms after a strong upward move. It tells you that the market is ready to reverse from bullish to bearish.
Structure of the Evening Star Pattern
- First Candle: Strong Bullish Candle
Shows upward momentum. - Second Candle: Small Candle / Doji
Indicates market indecision. Buyers start losing power. - Third Candle: Strong Bearish Candle
Confirms that sellers have taken control.
How to Identify an Evening Star Candlestick Pattern
You can identify this pattern easily using three simple rules:
✔ Pattern must appear at the top of an uptrend
✔ The middle candle must be small (Doji/Spinning Top)
✔ The third candle must close below 50% of the first candle
If these conditions are met, the Evening Star is valid.
Evening Star Candlestick Pattern Example
Imagine a stock like Reliance, HDFC Bank, or TCS in a strong uptrend:
- Day 1: Stock closes with a big bullish candle
- Day 2: A small Doji forms, showing slowing momentum
- Day 3: A big red candle closes below Day 1 mid-point
This sequence indicates a trend reversal.
Even on intraday timeframes (5m, 15m), this pattern works well during market exhaustion.
Evening Star Candlestick Pattern on Chartink
If you want to scan Evening Star patterns automatically, Chartink scanners are very helpful. You can create or use a ready-made filter that detects:
- Uptrend condition
- Big green candle
- Small Doji candle
- Big red bearish candle closing below first candle’s midpoint
You can search on Chartink for:
“Evening Star Candlestick Pattern Scan”
This will show stocks forming the pattern on daily or intraday timeframes.
How to Trade Evening Star Candlestick Pattern
Trading this pattern becomes easy if you follow proper confirmation and risk management.
Step-by-Step Trading Strategy
1. Wait for the Third Candle to Close
Do NOT enter after seeing the first two candles.
Entry only becomes valid after the bearish candle closes.
2. Entry Point
Enter short/sell:
✔ Below the low of the third candle
OR
✔ When price breaks a nearby support zone
3. Stop Loss (SL)
Place SL above the high of the Evening Star pattern.
4. Target Levels
You can use:
- Previous support levels
- Fibonacci retracement
- 1:2 or 1:3 Risk-Reward Ratio
5. Volume Confirmation
If the third candle forms with high volume, the reversal is stronger.
Tips for Trading the Evening Star Pattern
- Works best on higher timeframes (30m, 1h, Daily)
- Combine pattern with RSI overbought, resistance zones, or EMAs
- Avoid trading in sideways markets
- Always wait for candle close confirmation
Conclusion
The Bearish Evening Star candlestick pattern is a reliable and easy-to-spot reversal formation. When combined with volume and support–resistance analysis, it provides high-probability trades for intraday and swing traders.
Whether you use manual charts or Chartink scanners, the pattern helps you catch strong trend reversals with confidence.
Q1. Is the evening star bullish or bearish?
Ans The Evening Star candlestick pattern is bearish.
✅ Why is it bearish?
It forms at the top of an uptrend.
It signals that buyers are losing strength.
The strong bearish third candle shows sellers taking control.
This indicates a trend reversal from bullish to bearish.
👉 Final Answer:
The Evening Star is a bearish reversal pattern.
Q2. How to confirm evening star pattern?
Ans To confirm an Evening Star candlestick pattern, you should check these key points:
✅ 1. It must appear after an uptrend
The pattern is valid only when the market is rising before it forms.
✅ 2. The third candle must be a strong bearish candle
This candle should close below 50% of the first bullish candle.
This is the most important confirmation.
✅ 3. Volume should increase on the bearish candle
Higher volume strengthens the reversal signal.
✅ 4. Pattern should form near resistance
If it appears at a major resistance zone, the reversal is more reliable.
✅ 5. Wait for candle close – never enter early
Traders confirm the pattern only after the third candle closes.
⭐ Final Confirmation Rule:
A strong bearish third candle breaking the midpoint of the first candle = Evening Star confirmed.
