To identify an Evening Doji Star pattern, look for the following criteria:
- The first candle should be a tall white candle in an upward price trend.
- The second candle should be a Doji whose body gaps above the first and third candles. Shadows are ignored.
- The third candle is a tall black candle that closes at or below the midpoint of the first candle
A downward breakout occurs when the price closes below the bottom of the three-candlestick pattern.
Since the price in the last candle is already near the low, a downward breakout is expected.
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