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Bullish Doji Star
| This pattern signals a trend... | How to identify... | Similar pattern(s)... | | Reversal | - 1st day is a long black day.
- 2nd day is a doji day that gaps below the 1st day.
- The doji shadows shouldn't be excessively long.
| | Psychology...
The downtrend is in full force with a strong 1st day. All confidence built up by the bears from the 1st day is destroyed when the 2nd day's gap down closes near it's open. Short covering will quickly appear if the next day opens higher.
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