Candlestick - Doji Star

Doji Star

Star is a small candlestick that gaps above or below the body of a prior candlestick. Star can be in form of doji, spinning top or an inverted hammer. Doji star is appears when the star is in doji pattern. Doji star is a trend reversal pattern appears in two positions, there are Morning Doji star and Evening Doji star.

Morning Doji star is occurs significant is the extreme of downtrend market. The doji candlestick indicates a temporary balance between the demand and supply in the market. The trading signal is similar to the Morning star.

Conversely, Evening Doji star is occurs at the top of uptrend market. Evening Doji star indicates a selling signal.

Shooting star is formed when an inverted hammer gaps above the prior Long candlestick. It is a bearish reversal pattern. Shooting star occurs in an upper trend which shows that the market opens at the lows of the season, rallies and pulls back to the bottom.

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