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An Evening Doji Star consists of a long bullish candle, followed by a Doji that gaps up, then a third bearish candle that gaps down and closes well within the body of the first candle.

An Evening Doji Star is a three candle bearish reversal pattern similar to the Evening Star.

The only difference is that the Evening Doji Star needs to be a Doji candle for the second candle.

Evening Doji Star

To identify an Evening Doji Star pattern, look for the following criteria:

  • The first candle should be a tall white candle in an upward price trend.
  • The second candle should be a doji whose body gaps above the first and third candles. Shadows are ignored.
  • ?The third candle is a tall black candle that closes at or below the midpoint of the first candle

Meaning

This Evening Doji Star acts as a bearish reversal of the upward price trend because price rises into the pattern and breaks out downward.

A downward breakout occurs when price closes below the bottom of the three-candlestick pattern.

Since the price in the last candle is already near the low, a downward breakout is expected.