Candlestick Patterns | Bullish Morning Doji Star

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Bullish Morning Doji Star

This is a three candlestick pattern signaling a major bottom reversal. It is composed of a black candlestick followed by a Doji,
which characteristically gaps down to form a Doji Star. Then, we have a third white candlestick whose closing is well into the first session’s black real body.
This is a distinctive bottom pattern.

How to identify

  1. 1st day is a long red day.
  2. 2nd day is a doji which gaps below the 1st day’s close.
  3. 3rd day is a white day.

Psychology

The bullishness of the doji star created on the 1st two days is confirmed with the 3rd day.
If the penetration of the 3rd day is more than 50 percent, then this pattern has a much better chance to succeed for the trader.

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