Wednesday 18 June 2014

Doji Star

In case of a doji star Morning Doji and Evening Doji stars are formed. 

Evening Star
In Evening star the first candle is bullish and preferably occurs at the end of a significant push up in price.
The middle (second) candle is a small-bodied candle (bull or bear).  The second candle is a small indecision candle.The third candle is a large candle that opens below the second and closes near the center of the first candle's body. 

Morning Star
The first candle is bearish. It happens at the end of a significant down in a significant.
The middle (second) candle is a small bodied candle (bull or bear). The second candle is a small indecision candle.
The third candle is a bullish candle that closes well above the high of the signal candle.

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