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All Patterns Flashcard Game
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Bullish Doji Star Candlestick Pattern
| This pattern signals a potential trend |
Reversal
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| How to identify |
- 1st day is a long red day.
- 2nd day is a doji day that gaps below the 1st day.
- The doji shadows shouldn't be excessively long.
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| Similar pattern(s) |
» Bearish Doji Star
» Bullish Morning Doji Star
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| 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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