The Evening Star pattern is a three-candlestick reversal pattern that typically forms at the end of an uptrend, signaling a potential trend reversal. The formation of the Evening Star pattern consists of three key components.

First, there is a large bullish candlestick that represents the prevailing uptrend. This candlestick indicates that buyers have been in control and pushing the price higher.

Second, a small-bodied candlestick appears, often referred to as a "doji" or a small-bodied bearish candle. This candlestick reflects a period of indecision in the market, with the sellers starting to gain some momentum.

Finally, a large bearish candlestick completes the Evening Star pattern. This candlestick confirms the reversal as it indicates that the sellers have taken control and overwhelmed the buyers, pushing the price significantly lower.

The Evening Star pattern is formed by the combination of these three candlesticks, with the middle candlestick acting as a transition or warning signal of the potential trend reversal. Traders often look for confirmation of the pattern through subsequent price action before making trading decisions.

The evening star pattern is a bearish reversal candlestick formation that appears at the end of an uptrend, signaling a potential trend reversal. It consists of three candles: a large bullish candle, followed by a small-bodied candle (indicating indecision), and finally a large bearish candle that closes below the midpoint of the first candle. The pattern reflects a shift in market sentiment, where buyers initially dominate, but sellers take control by the end. Traders often confirm this pattern with additional indicators like volume or support/resistance levels before making decisions. The evening star is most reliable when it occurs after a sustained uptrend, providing a strong signal for traders to consider short positions or exit long trades.