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Crypto · candlestick pattern

Evening star on Optimism

On Optimism the evening star showed up 20 times. The target came first 45% of the time, the stop 35%, and 20% went nowhere within 12 candles.

Counted on Optimism (OP/USDT): daily candles from June 2022, 4-hour candles from June 2022 and hourly candles from June 2022.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour70%57%43%
Hourly1369%23%8%

Optimism against the rest

ChartsFoundTarget firstStop firstWent nowhere
Optimism2045%35%20%
All Crypto charts76432%57%11%
Every market1,19133%58%9%

Year by year

YearFoundTarget firstStop first
2022333%33%
2024743%29%
2025650%50%
2026333%33%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the evening star is

A big rise, a pause, then a strong fall. The day is ending.

Think of a bright day, then the quiet of sunset, then the dark of night. An evening star is three candles like that: a big green candle, a tiny pause candle, then a strong red candle. The bright part of the chart might be ending.

The full evening star lesson, video and quiz ›

Other patterns on Optimism

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile bounce · Volume profile rejection · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bearish cross · all of them

The evening star elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the evening star work on Optimism?

In 20 cases on Optimism, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 35%; 20% went nowhere within 12 candles.

What is the evening star?

A big rise, a pause, then a strong fall. The day is ending.