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Doji Star Bearish
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.
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