Bullish Morning Doji Star:

The Bullish Morning Doji Star is a three-day pattern that is very similar to the Morning Star except that the second candle body is short and is called a Doji. The first day is a Black Candle. The second day is a Doji Star that gaps down from Day One. Candle three, the White Candle, may not gap up on the Open but will close well up the body of the Black Candle from day one.

This example is still a Bullish Morning Doji Star pattern.

The gaps between the Doji Stars are not significant to the pattern.

After the Black Candle on day one, there could be one or more Doji Stars before the White Candle confirmation. The White Candle on day three (or 4, or 5) will not always gap up from the Doji stars, but it would be a stronger indicator if it did.

The significance of this pattern is that the Bears are losing strength and the Bulls are getting back in. The Doji star on the second day (and third, and fourth) reflects some indecision and the inability of the Bears to drive the price lower. A White Candle on day three, or after all the stars, with a higher close would further confirm the pattern.

Remember that the Bullish Morning Star Doji pattern is known as a reversal pattern. In other words, it is more significant when it appears after a downtrend.

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