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Americans called DOJI as star. Morning star appears after a significant price fall with high volume. This shows the
positive movement. Create LONG position, buy when it crosses previous day’s high.
Evening star appears after a significant rally. This shows the negative movement. Create SHORT position, sell when it
goes below previous day’s bottom.
Morning star indicates a positive movement of price, its a bullish sign. It appears after a significant price fall , the volume increases in doji day and signals attend reversal which means buying is happening. Doji in sideways should be ignored. Long position should be created. Buy: the next day when the price is above the doji day’s high, stop loss – below previous day’s low , and expect a profit of 1.5 times the risk taken.
Evening star indicates a negative movement of price, it appears after a significant price rise and volume should be high on that day. Short position should be created , sell the next day when the price is below doji day’s low.
DOJI:
It is very powerful
Morning star: appears after a dark night and gives you a bright day
Appearance of a DOJI after a significant price fall
Evening star: appears after a bright day gives you a dark night
Volume should be high during DOJI during DOJI indicates that there is a price reveresal
Buying:
Position long, Buy If the next day price goes above the DOJI day high.
Sell: if the Prices goes below the lowest of DOJI day
Morning star indicates positive movement of price.it is bullish trend.it apperas after a significant price fall.the volume increses during DOJI day.and signals reveal it is reversal which means buying is happening
Evening star indicates the negative movement of price.it is bearish trend.
It appeats after a significant rise.volume must be high on a DOJI day.short position must be created , sell the stocks on next day when the price is below doji’s day low
The Morning Star Pattern is a bullish reversal pattern, usually occurring at the bottom of a downtrend.
The Evening Star Pattern is a bearish reversal pattern, usually occurring at the top of an uptrend.
Buy the stock above the previous Doji day high
Sell the stock below the previous Doji day low
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