Md Mizanur Rahman
Member
The bearish evening star reversal pattern starts with a tall white bar that carries an uptrend to a new high. The market gaps higher on the next bar but fresh buyers fail to appear, yielding a narrow range candlestick. A gap down on the third bar completes the pattern, which predicts the decline will continue to even lower lows, perhaps triggering a broader scale downtrend. According to Bulkowski, this pattern predicts lower prices with a 72% accuracy rate.