Bearish Doji Star

Class aptent sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos. In tempus, erat eget tincidunt elementum mauris quam laoreet erat.

Home » Bearish Doji Star

Bearish Doji Star

The Bearish Doji Star pattern is a three bar formation that develops after an up leg.
The first bar has a long white body while the next bar then opens even higher and closes as a Doji with a small trading range.
The final bar then closes below the midpoint of the first day.

How to identify

  1. 1st day is a long white day.
  2. 2nd day is a doji day that gaps above the 1st day.
  3. The doji shadows shouldn’t be excessively long.

Psychology

The uptrend is in full force with a strong 1st day. All confidence built up by the bulls from the 1st day is destroyed when the 2nd day’s gap up closes near its open. Profit takers will quickly appear if the next day opens lower.

Bearish Doji Star

The Bearish Doji Star pattern is a three bar formation that develops after an up leg.
The first bar has a long white body while the next bar then opens even higher and closes as a Doji with a small trading range.
The final bar then closes below the midpoint of the first day.

How to identify

  1. 1st day is a long white day.
  2. 2nd day is a doji day that gaps above the 1st day.
  3. The doji shadows shouldn’t be excessively long.

Psychology

The uptrend is in full force with a strong 1st day. All confidence built up by the bulls from the 1st day is destroyed when the 2nd day’s gap up closes near its open. Profit takers will quickly appear if the next day opens lower.

Leave a Reply

Your email address will not be published.

Recent Comments

No comments to show.
New Casinos
1 Free Spin credited for every $1 deposit. Up to $100 + 100 Spins
Stars Forex Trading : CFD, Crypto
Stars Forex Trading : CFD, Crypto
Stars Binary Trading : CFD, Forex
Stars Binary Trading : CFD, Forex