The Bullish Doji Star forms after a downtrend when a long bearish candle is followed by a doji, a candle whose open and close are nearly equal, that gaps below the first candle's body. The doji shows that the selling momentum has stalled and the market is undecided, so the pattern warns of a possible bottom; traders wait for a bullish candle on the next bar, which would complete a Morning Doji Star.
Upgrade to Pro to unlock full screener results with no delays, customizable filters, real-time alerts for new matches, and advanced backtesting on historical data.
Candlestick Basics
Are you candlestick-literate? The widely used candlestick chart is easy to read but also contains some less obvious but valuable
clues about momentum and reversal.
Candlesticks, Japanese - Technical Analysis from A to Z
In the 1600s, the Japanese developed a method of technical analysis to analyze the price of rice contracts. This technique is called candlestick charting. Steven Nison is credited with popularizing candlestick charting and has become recognized as the leading expert on their interpretation. I have met investors attracted to candlestick charts by their mystique - maybe they are the "long-forgotten Asian secret" to investment analysis.
Candlestick Basics
Candlesticks, Japanese - Technical Analysis from A to Z