The evening doji star is three candles: a large bullish candle, an upward-gapping doji, then a large bearish candle. The doji signals complete indecision; the bearish candle confirms bull exhaustion. Stronger than a standard evening star.
Bulls lose all direction at the highs. The gapping doji shows bulls tried to extend the rally but were met with equilibrium. The following bearish candle confirms bears have taken control.
Strong top-reversal signal after an uptrend (win rate 70%). Enter short after the third bearish candle closes. Stop-loss above the doji's high. More reliable than the standard evening star.
The doji's gap must be complete — its body cannot overlap adjacent candles. Deeper penetration by the bearish candle = stronger signal.