Indication-Bullish reversal
Reliability-High
Description-During a downtrend, the market strengthens the bearish trend with a long black candlestick. The second candlestick 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 candlestick.
The Morning Doji Star is a fully realized bullish Doji Star pattern.
It is important reversal signal.
Reliability-High
Description-During a downtrend, the market strengthens the bearish trend with a long black candlestick. The second candlestick 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 candlestick.
The Morning Doji Star is a fully realized bullish Doji Star pattern.
It is important reversal signal.