Bearish Doji Star Candlestick Chart Pattern

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Bearish Doji Star

Daily Charts: 106 found in last 10 days. Updated Wed Jul 28 18:16:42 2010 CST . Click here to see them.

Weekly Charts: 63 found in last 10 weeks. Click here to see them.

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.	The Bearish Doji Star is the 1st two days of the Bearish Evening Doji Star formation.

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.