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: “Three Star Doji”.
Three Star Doji
– 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.
– It is a rare and reliable Pattern.
Bullish Three Star Doji
– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.
– The Second Doji is below the other Two Doji Candles.
Bearish Three Star Doji
– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.
– The Second Doji is above the other Two Doji Candles.