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Bullish Doji Star

 

When there is a short Doji gapped below a long black candlestick body, and it is occurred in a downtrend market, then this is a Bullish (Doji) Star Pattern.

Recognition Criteria:
1. The market is considered as a downtrend market.
2. There is a long candlestick body before the short Doji.
3. The short Doji is gapped below the previous long candlestick body and appeared as a signal of turning point.
4. The shadows of the Doji is short as it indicates the market is not yet stable.

Explanation:
A Bullish Doji Star pattern is a reversal sign that usually occurs in a downwards trend market. In this phenomenon, first the bears take control in the market, but then there would be a moment that the bears and bulls have the equally same strength. However, the bulls take over the bears power at last, making the bears weak. Normally the market would be bullish after this formation.

 

 

 

 

 

 

 

 

 

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