PATTERN: Reversal
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.