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If DOJI appears after bearish trend, then it is morning star, it is positive trend, we can buy.
If DOJI appears after bullish trend, then it is evening star, it is negative trend, we can sell.Morning star: When a DOJI is formed after bearish trend, then it is morning star, we can buy.
Evening star: When a DOJI is formed after bullish trend, then it is evening star, we can sell.
Morning star: When DOJI is below the previous candlestick.
Evening star: When DOJI is above the previous candlestick.
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Morning star: A DOJI formed after bearish trend, then it is morning star, It is a signal to buy.</p>
<p style=”box-sizing: border-box; margin: 0.85em 0px; direction: ltr; color: #777777; font-family: ‘Roboto Slab’; font-size: 13px;”>Evening star: A DOJI is formed after bullish trend, then it is evening star, It is a signal to sell.</p>Morning star : If a DOJI appears after a significant price fall, then it is called a morning star. It indicates the Bullish trend(Long position).
- Entry price : the point at which the price crosses the DOJI day high.
- Stop loss : DOJI day low.
- Exit price : Difference between Entry price and Stop loss is risk taken. Exit price = Entry price + (2*Risk taken).
Evening star is the inverse of morning star and it indicates Bearish trend(Short position).
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