Doji Star Pattern

bullish doji star

For a better understanding of this article, you should already know what Japanese Candlesticks are and all their features; for this reason, we suggest you to read this introductory article to Japanese Candlesticks: Japanese Candlestick Chart ( So that you can understand also the Ratings given to the Candlestick Patterns for the “quality” of the signal and for their frequency to “appear” on Charts).

Let’s analyse now the following Candlestick Pattern: “Doji Star Pattern”.

Doji Star Pattern

– Normally it should be a signal of reversal of the current Trend.

– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.

Bullish Doji Star Pattern

 

bullish doji star

– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.

– The First Candle is long and black.

– The Second Candle is a Doji Line, that is below the First Candle (It gaps down from the First Candle).

– The shadows of the Doji, should not be too long.

Bearish Doji Star Pattern

 

bearish doji star

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The First Candle is long and white.

– The Second Candle is a Doji Line, that is above the First Candle (It gaps up from the First Candle).

– The shadows of the Doji, should not be too long.

– The Shadows of the Two Candles, should not overlap (For a further confirmation of the Pattern).

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