Evening Star ~ must be in an uptrend, with the first candlestick continuing the trend showing a large green body, the second candlestick ideally gaps up at the open and will be a small bodied candlestick (either red or green) and is the star, the third candlestick ideally gaps down from that second candlestick and opens somewhere inbetween the first and that second candlestick and closes a bearish red candlestick penetrating into the body of that first green candlestick, with it being the further the penetration the better, even dropping below the very bottom of that first candlestick. Confirmation is price starting to trade below the third candlestick or even below the whole pattern. The physcology is that the first candlestick is showing a bullish trend with the bulls showing confidence, however, the second smaller candlestick shows indecision and a potential weakening of the bulls confidence (the colour of it is down to your own discretion), although its still opened higher. The third candlestick is further damaging for the bulls, as it shows a turnaround in sentiment with the bears seizing the moment after the bulls showed indecision, and again as mentioned, the further it penetrates the better, leading to the bulls starting to run scarred potentially leaving the door open for the bears to force the trend downwards. Don’t forget, the 3 candlestick evening star pattern will form a larger timescale shooting star of some nature (ie. it could be red or green bodied depending how far it penetrated, see 4 minutes of this link, it also leads to examples)
F=MA 