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Morning Doji Star

Candle16 1

The Morning Doji Star is a bullish pattern consisting of three candlesticks. The first candlestick (red) is the final candlestick on a downtrend. The second candlestick is a star. This is a candlestick with a small body and longer shadows. It can be any color. The third candlestick is green. This candlestick indicates the end of the pattern and the start of a bullish trend. In the Morning Doji Star pattern, the second candlestick is the doji candlestick. It has no (or practically no) body, and the shadows above and below are long.

The Morning Doji Star gives a stronger signal thanks to the doji. It indicates that the price is likely to reverse upward and will rise after a fall.