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Doji Star Bullish
Trend: Bullish
Reliability: Moderate
How to Identify it
- First day is a long black day
- Second day is a doji that gaps in the direction of the previous trend
- The shadows of the doji should not be long
What it Means
In a downtrend, the market bolsters the bears with a long black day and gaps open on the second day. However, the second day 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 would be a higher open on the next trading day.
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