Morning
Doji Star
Description
This
bullish reversal pattern is considered highly reliable.
In
a downtrend, a long black candlestick day is followed by a Doji star
(indecision) that gaps in the direction of the trend. However, the third day is
a white/empty candlestick day which closes up in the top half of the black
candlestick day.
The
bulls came in and after the stock hovered in a Doji star formation, a gap up
above the midpoint of the black candlestick confirms the reversal.
Market
Opinion
Bullish.
Pattern