Bullish Star Pattern

 

The concept of Star candlestick pattern is very simple yet useful. Bullish Star is a two-candle formation.

Bullish star is a bullish trend reversal pattern. Smaller the body of the next session, better it is. If second candle is Doji, it is a stronger formation and known as a Bullish Doji star.

You will find these patterns in the pattern as well as system builder section of the Definedge software.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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