Evening Star Strategy

Expert opinion: A large white candlestick followed by a smaller white candle; then there's another big one, but this time it's black. This is what the Evening Star candlestick configuration looks like. It's a very strong reversal pattern, but make sure you confirm the signals from other technical analysis tools for an even better chance of success.

Expert opinion: You can experiment with the strategy by setting a take profit with a profit/risk ratio of, say, two to one.

Expert opinion: If the candlestick pattern is of moderate-to-small size, then the potential for movement is less, but so too is the risk. Whereas in larger candles, your stop loss will be commensurately bigger. There will be some cases where the stop loss is so high that you simply have to walk away from the trade.