Candlestick Patterns

Morning Doji Star

The Morning Doji Star is a bullish reversal pattern represented by three candles. During a downtrend, the first candle is a long decreasing candle, followed by a Doji closing below the previous low. The third candle is a long increasing candle closing above the midpoint of the first candle. During a downtrend, the indecision pattern, Doji, appears. This means that the current trend is losing strength, and the next candle confirms it. The third one initiates a bullish movement that could reverse the price direction. Usually, this candlestick pattern leads to a bullish reversal of the price, then it will signal a buy in your strategy.

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