Morning Doji Star Bullish

 

Pattern: Reversal Trend: Bullish Reliability: High

 

How to Identify it

• First day is a long black day
• Second day is a doji that gaps in the direction of the previous trend
• The third day is a white day

What it Means

In a downtrend, the market bolsters the bearish trend with a long black day and gaps open on the second day. However, the second day trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal is given by the white third day. The Morning Doji Star is a fully realized bullish Doji Star pattern.