Bullish Doji Star Candlestick Chart Pattern

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Bullish Doji Star

Daily Charts: 34 found in last 10 days. Updated Wed Jul 28 18:16:42 2010 CST . Click here to see them.

Weekly Charts: 27 found in last 10 weeks. Click here to see them.

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.	The Bullish Doji Star is the 1st two days of the Bullish Morning Doji Star formation.

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.