Showing Tag: "candlestick-patterns" (Show all posts)

Morning Doji Star Bullish

Posted by tushar chatterjee on Saturday, June 4, 2011, In : Technical analysis

PATTERN : Reversal

TREND : Bullish

RELIABILITY : High

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 third day is a white day

What it Means :

In a downtrend, the market bolsters the bearish trend 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 be...