SPDR S&P 500 (SPY)

[Newly2b]

Checking further on that Evening Star, I find that even Nison allows for there to be no gap, though he does say it weakens the formation. He feels the definitive fact is that the third candle pushes well into the first candle's real body. So, appears we are both correct, my interpretation being just a bit less liberal than yours, LOL. My experience over many years of trading has taught me to be strict in my interpretation of candle formations to reduce risk. I won't trade based on a loose interpretation of a formation. I guess one could say I am risk averse, LOL.

Newly