Morning and Evening Star patterns stand out easily due to the long bodied candles
involved. These are reversal patterns also. The nice thing about all of these reversal
patterns are that they tend to give you a “heads up” before you get a signal from
an indicator below the chart. Then you can get further confirmation through an indicator
below the price chart or by the breaking of a trend line which is even more important.
The Evening Star is found at the top of an up move. It has a long bullish candle
followed by a higher small candle, then followed by a very long down/bearish candle
reversing. Since this pattern involves two very long bodied candles, it makes it
easy to spot on the chart.
The Morning star is the exact reverse. It’s found at the bottom of a down move.
It has a very long red bodied candle. Then it has a lower candle that’s small followed
a long bodied up candle. Again, this is easy to spot due to the beginning and ending
extra long bodies to the pattern. See an example below on the chart of Ebay.