< Japanese Candles > 👇
* Bullish Japanese Candlestick Patterns * No. 8 👇
8- Morning Star Doji Pattern 👇
This candle is similar to a regular morning star candle, but the middle candle is a doji candle, meaning that the opening and closing prices are equal, and the distance between the high and low is relatively small. The price falls in the first candle, and a support line may be broken, but in the second candle a doji is formed, meaning that the candle is very small and the opening price is equal to the closing price. After that, a candle comes in which the price rises and closes above the support line, and the following image shows the composition of the candlestick pattern
The same conditions that apply to the morning star candle apply to this model, but at the same time, some experiments have shown that the doji is a source of confusion among traders, so the follower of this model may need to wait a little until confirmation of the return of trading above the opening of the first bearish candle.
