If you want a few bones from my Encyclopedia of candlestick charts book, here are three to chew on. More Morning Doji Star Candlestick: Three Trading Tidbits The final day is a tall white candle whose body gaps above the doji's. The next day, a doji appears and its body gaps below the prior candle'sīody. Look for a tall black candle in a downward price trend.
The 10-day restriction and just measure the move to the trend end, you will find that downward breakouts in a bull market are the weak performers, but in a bear market, they are the strongest Microscope to the performance numbers shows that downward breakouts outperform upward ones both in the 10-day performance rank and by the average move 10 days after the breakout. The overall performance is quite good, so expect the trend to hold up. The morning doji star acts as a bullish reversal the vast majority of the time, but it is somewhat rare. If you like what you read here, then you will love the book. I share a sliver of that information below. Performance statistics (tables of general statistics, height, and volume), trading tactics (tables of statistics on reversal rates and performance indicators),Īnd wraps each chapter with a sample trade.
The book takes an in-depth look at 103 candlestick patterns and reports on behavior and rank (3 types: reversal rate, frequency, and overall performance), identification guidelines,
#Morning star chart pattern windows#
I explore the entire range of candlestick patterns from abandoned babies to windows (not exactly A to Z, but you get the idea), in both bull and bear markets, using almost 5 million candle lines Bulkowski on the Morning Doji Star Candle PatternĮncyclopedia of Candlestick Charts, pictured on the right,
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