SPDR S&P 500 (SPY)

[Newly2b]

Nope, it is the weekly , and it is an eve star you posted , my apologies for not reading close enough earlier . The tall green candle the previous week , followed by a small eve star candle

Not an Evening Star without the gap between the first and second candles, Risk. Close, but close doesn't count. Assuming close counts often leads to unexpected and undesirable results.

Per Nison, Japanese Candlestick Charting Techniques, pg. 271: "Evening star -- A top reversal pattern formed by three candle lines. The first is a tall white real body, the second is a small real body (white or black) that gaps above the first real body to form a star, and the third is a black candle that closes well into the first session's white real body." (emphasis mine) No gap between the first and second real bodies on that chart nor does it appear this week's candle will pierce deeply into that long white first candle with only one day to go.



Newly