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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: HairBall who wrote (4471)1/22/1999 8:38:00 AM
From: Les H  Read Replies (2) | Respond to of 99985
 
Evening star is identical to the US term "major reversal".
Day 1 is up with a large change from prior day.
Day 2 opens up with a large change from open and closes near the open.
Day 3 is down and closes below or near the middle of Day 1.

It's more significant at the end of a buying climax. Confirmation is day 4 closes below all three days.