Doji
Star
Description
This
bullish reversal pattern is considered moderately reliable.
It
is formed by a long black candlestick day follwed by a Doji that gaps in the
direction of the previous trend.
In
a downtrend, the market gaps down. However, enough bulls enter to bring supply
and demand into equilibrium and the stock hovers. The halt of the downtrend
indicates the possibility of a reversal. Doji signifies indecision, so a
confirmation is needed with a strong third day.
Market
Opinion
Bullish.
Pattern