This candlestick pattern has both advantages and disadvantages.
The Evening Star pattern appears frequently in charts and has well-defined entry and exit levels.
This candlestick pattern is also simple to recognise because it appears frequently in the charts.
However, it should be noted that if it indicates a failed reversal, the price may rise further.
When the evening star pattern is supported by volume and other technical indicators such as resistance level, the signal is confirmed.