MEMBERSHIP
Login
Registration
Member Services

TOOLS
Stocks
Indices
CandleQuery
Top 25 Lists
Watch List

EDUCATION
About Candlesticks
Candlestick Terms
Indicator Glossary

CONTACT US

HOME

Home


Doji Star Bearish


Pattern: Reversal
Trend: Bearish
Reliability: Moderate

How to Identify it

  • First day is a long white 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 an uptrend, the market builds strength on a long white 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 erosion of confidence in the current trend. Confirmation of a trend reversal would be a lower open on the next trading day.




Want to know more? Click here for references and deeper knowledge of Candlestick Patterns...

[Login] [Register] [Charts] [Top 25]
[
CandleQuery] [Portfolio] [Guide] [Talk Shop] [Home]


By viewing this page you, the site visitor, agree to our Disclaimer.
copyright 1998-2007 Lit Wick Co., LLC
admin@candlestickchart.com