Evening Doji Star
Candlestick PatternsA three-candle bearish reversal where the middle candle is a doji. It is a stronger version of the evening star pattern, signaling high-probability trend reversal.
What Is an Evening Doji Star?
The evening doji star is a variant of the Evening Star where the middle candle is specifically a Doji rather than just a small-bodied candle. The pattern consists of a large green candle (confirming the Uptrend), a doji that ideally gaps above the first candle, and a large red candle that closes well into the first candle's body.
The doji as the middle candle makes this pattern more significant than a standard evening star because it shows that momentum shifted from full bullish control to complete indecision to full bearish control over three sessions.
Why the Doji Matters
In a regular evening star, the small middle candle still shows slight directional bias. A doji has zero net direction. This complete neutrality between the strong moves on either side represents a cleaner sentiment shift and tends to produce more reliable reversals.
How to Trade It
On GBP/USD daily charts, an evening doji star near Resistance is a high-conviction short setup. Enter on the close of the third candle. Place the stop above the doji's high. Target the next support zone or the base of the rally that preceded the pattern.
In forex, where continuous trading limits gaps, the doji does not need to gap above the first candle. Focus on the three-candle sequence: strong bullish, indecision, strong bearish. The bullish counterpart with a doji middle candle is sometimes called a morning doji star.
Related Terms
Evening Star
A three-candle bearish reversal pattern consisting of a large green candle, a small-bodied candle, and a large red candle. It signals the end of an uptrend.
Doji
A candlestick where the open and close are virtually equal, forming a cross or plus shape. It signals market indecision and a potential reversal.
Morning Star
A three-candle bullish reversal pattern consisting of a large red candle, a small-bodied candle (often a doji), and a large green candle. It signals the end of a downtrend.
Shooting Star
A bearish reversal candlestick with a small body at the bottom and a long upper wick. It appears at the top of an uptrend, showing that buyers were overwhelmed by sellers.