Technical Definition
A three-candle bearish reversal pattern where the middle candle is a Doji, representing a stronger variation of the Evening Star.
The market was rising confidently, buyers suddenly lost conviction, and sellers stepped in decisively. Because the middle candle is a Doji, this pattern reflects sharper exhaustion of buyers compared to a standard Evening Star.
Complete buyer exhaustion.
Market Psychology
Trend
Market in uptrend Optimism dominates Buyers expect higher prices
Continuation
Buyers push higher aggressively Trend appears unquestioned
Exhaustion
Buyers hesitate Sellers match buying pressure Volatility contracts sharply Confidence collapses
Takeover
Sellers enter aggressively Profit booking accelerates Late buyers trapped Price reverses significantly
Pattern Anatomy
First Candle (Bullish)
Large bullish body, confirms strong buying momentum.
Second Candle (Doji)
Open ≈ Close, forms near/above first candle, represents complete indecision.
Third Candle (Bearish)
Strong bearish body, closes well into first body, confirms seller takeover.
Pattern Rules
Appears after rally or uptrend
Reversal context is required.
First candle is strongly bullish
Shows established buying momentum.
Second candle is a Doji
Shows complete buyer exhaustion.
Second candle forms near or above first
Creates visual separation.
Third candle is bearish
Shows decisive seller entry.
Third candle closes deep into first body
Demonstrates strength of reversal.
Clear separation between candles
Emphasizes the clean breakdown.
Signal Confirmation
- Continued bearish follow-through
- Price holding below third candle's midpoint
- Alignment with resistance zones
- Weakening market structure