What is working "Evening Star" candel in stock market 2 / 2

The "Evening Star" candlestick pattern is a bearish reversal pattern in stock market technical analysis. It typically consists of three candles and is often seen at the end of an uptrend. Here's how it works:

1. The first candle is a strong bullish candle, indicating that the market is in an uptrend.

2. The second candle is a small-bodied candle, which suggests indecision or a potential change in trend.

3. The third candle is a bearish candle, often with a gap down, indicating that sellers have taken control, and the trend may be reversing.

Traders and investors use the Evening Star pattern as a signal to consider selling or shorting a stock because it suggests a potential trend reversal from bullish to bearish. However, like all technical analysis patterns, it's important to use it in conjunction with other indicators and analysis methods to make informed trading decisions.