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Bearish Doji Star
| This pattern signals a trend... | How to identify... | Similar pattern(s)... | | Reversal | - 1st day is a long white day.
- 2nd day is a doji day that gaps above the 1st day.
- The doji shadows shouldn't be excessively long.
| | Psychology...
The uptrend is in full force with a strong 1st day. All confidence built up by the bulls from the 1st day is destroyed when the 2nd day's gap up closes near its open. Profit takers will quickly appear if the next day opens lower.
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