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Bullish and Bearish DOJI is called as morning and evening star by western. the star should be seen after rally and not at sideways. Star indicates the reversal pattern.
Morning Star: After significant price fall, if DOJI(starting and ending price is almost same at the center) appears with green body and high volume, it can be identified as morning start.
When to buy: Long position can be created when the price goes above the highest price of star(A) and stoploss is the lowest price of the star(B). Risk = A~B and Target: A+(1.5 or 2 times of risk). Selling should happen at the target or stoploss( price goes below B).
Evening Star: After significant increase in price if DOJI(thin body) appears with red body and high volume, it can be identified as evening star.
When to Sell: Short position can be created when the price goes below the lowest of the star(A) and stop loss is the highest price of the star(B). Risk = A~B and target :A+(1.5 or 2 times of risk). Selling should happen at the target or at stop loss(Price goes above B)
The Morning Star candlestick pattern is a reversal pattern in technical analysis and the pattern has three candles which forms at the bottom of a downtrend. The first candle is any long and bearish candle. The second candle is a small and indecisive candlestick(Doji) and the third candle is any long and bullish candle.
We can create a long position when the third candle opens higher than the previous close of the second candle(Doji) with good volume.
The Evening Star candlestick pattern is also a reversal pattern in technical analysis and the pattern has three candles which forms at the top of a uptrend. The first candle is any long and bullish candle. The second candle is a small and indecisive candlestick(Doji). The third candle is any long and bearish candle.
We can create a Short position when the third candle opens lower than the previous close of the second candle(Doji) with good volume.
Doji or the Star is a reversal pattern after a bullish or a bearish trend and it is neutral. In doji the open the close price remains to be almost same. high volume should be encountered.
Morning star appears after dark night which is a sign of bullish and can be bought above the days high and stop loss below the days low.
Evening star appears after a bright day which is a sign of bearish <span style=”line-height: 1.5;”>and can be sold below the days low and stop loss above the days high.</span>
morning star – appearance of doji after a price fall which is a bullish trend. volume should be high. morning star appears after a dark night but gives a bright day. buy after the price crosses the highest price of the previous day. target is a+ 2 times of risk.
evening star – evening star is when after a bright day a star appers and then doji is seen which means negative things happen. buy after the price crosses the highest price of the previous day. target is a+ 2 times of risk.
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