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Morning Doji Star
Signal
Bullish
Win Rate
71%
Avg Move
+8.5%
Reliability
High

Pattern Definition

The morning doji star is three candles: a large bearish candle, a downward-gapping doji, then a large bullish candle. The doji signals complete indecision; the bullish candle confirms bear exhaustion. Stronger than a standard morning star.

Market Psychology

Bears lose all direction at the lows. The gapping doji shows bears tried to extend the decline but were met with equilibrium. The following bullish candle confirms bulls have taken control.

Trading Application

Strong bottom-reversal signal after a downtrend (win rate 71%). Enter long after the third bullish candle closes. Stop-loss below the doji's low. More reliable than the standard morning star.

Important Notes

The doji's gap must be complete. Deeper penetration by the bullish candle = stronger signal.