BULLISH MORNING DOJI STAR
Definition :
This is also a three-candlestick formation signaling a major bottom reversal. It is composed of a long 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 meaningful bottom pattern.
Recognition Criteria:
1. Market is characterized by downtrend.
2. We see a long red candlestick in the first day.
3. Then we see a Doji on the second day that gaps in the direction of the previous
downtrend.
4. The white candlestick on the third day confirms the reversal.
Important Factors:
The Doji may be more than one, two or even three. The reliability of this pattern is
very high, but still a confirmation in the form of a white candlestick with a higher close
or a gap-up is suggested.
