Morning Doji Star β Bullish Reversal from Downtrend π π
π The Morning Doji Star forms after a decline and signals buying pressure returning.
β
Formation (3 candles):
1οΈβ£ First β Long red candle showing strong selling.
2οΈβ£ Second β A Doji that gaps down, showing indecision.
3οΈβ£ Third β Strong green candle closing above midpoint of the first candle.
β
Meaning: Shift from selling pressure to accumulation β bullish reversal.
π Example: Stock falls βΉ540 β βΉ500, next session gaps down to βΉ490 (Doji), then next candle strong green closes βΉ520 β Morning Doji Star β bullish reversal confirmed.
π§ Tip: Volume and RSI recovery strengthen the signal.
FMNL
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