Candlestick chart patterns

Bearish Counter-Attack Lines
Bearish Engulfing Pattern
Bearish Harami
Bearish Hikkake Pattern
Bearish Multi-Harami Pattern
Bearish Separating Lines
Bearish Star
Belt hold line (Marubozu)
Belt-Hold line-Yorikiri-Bearish Pattern
Belt-Hold line-Yorikiri-Bullish Pattern
Bullish Counter-Attack Lines
Bullish Engulfing Pattern
Bullish Harami
Bullish Hikkake Pattern
Bullish Kicker Candlestick Pattern
Bullish Multi-Harami Pattern
Bullish Separating Lines
Bullish Star Pattern
Butterfly Doji
Channels
Coiling Inside Bar
Cup and Handle
Dark Cloud Cover Pattern
Doji Pattern
Doji Star Candlestick Pattern
Double Inside Bar
Downward Gap Tasuki
Flags and Pennants
Gravestone Doji
Hammer & Hanging man Pattern
Head and Shoulders and Inverted Head and Shoulders
Inverted Hammer & Shooting Star Pattern
Ladder Bottom
Ladder Top
Long-legged Doji
Mat-Hold Pattern
Mega Bearish Engulfing
Mega Bullish Engulfing
Multi Inside Bar
Negative Bias Candle
Piercing Pattern
Positive Bias Candle
Raindrop
Rickshaw-man Doji
Rounding Bottom
Side-by-side Green lines - Bearish
Side-by-side Green lines - Bullish
The Evening Star
The Falling Three Pattern
The Morning Star
The Rising Three
Three Advancing Soldiers
Three Black Crows Pattern
Three Inside Out Pattern - Bearish
Three Inside Out Pattern - Bullish
Three Line Strike Pattern - Bearish
Three Line Strike Pattern - Bullish
Three Outside Up Pattern - Bearish
Three Outside Up Pattern - Bullish
Three River Bottom Pattern
Trend Angles: 45 Degree Trendline
Trendlines
Triangles
Upside Gap Two Crows
Upward Gap Tasuki
Wedges: Rising and Falling Wedges
Windows

Doji Star Candlestick Pattern

The Doji Star is a powerful candlestick pattern used by technical analysts to gauge potential market reversals. This pattern is characterized by a Doji —a candlestick in which the open and close prices are virtually equal, signalling indecision in the market. When this Doji appears after a significant trend and is accompanied by a gap, it forms the Doji Star pattern, which can be indicative of a potential shift in the market direction.

In a Doji, the open and close prices are very close, often identical, which creates a thin or non-existent body. The shadows (or wicks) of the Doji can vary in length, showing the range of price movements during the period.

1. Bullish Doji Star:

Context: Appears at the bottom of a downtrend.

First Candlestick: A large bearish candlestick.

Second Candlestick (Doji): Opens below the first candlestick’s close, indicating that sellers are losing momentum.

Interpretation: This pattern suggests that the selling pressure in the downtrend is weakening. The appearance of the Doji indicates indecision among traders, and if the next candlestick is bullish, it confirms a reversal, signalling a potential buying opportunity.

2. Bearish Doji Star:

Context: Appears at the top of an uptrend.

First Candlestick: A large bullish candlestick.

Second Candlestick (Doji): Opens above the first candlestick’s close, indicating that buyers are losing momentum.

Interpretation: This pattern suggests that the buying pressure in the uptrend is weakening. The Doji shows indecision, and if the next candlestick is bearish, it confirms a reversal, signalling a potential selling opportunity.

Open Demat Account