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Tagged: morning and evening STAR
DOJI: It means neutral. When stock is open and closed at the same level it looks like a star.
1.doji appears after a significant price fall. One fine day price cease to fall and remain neutral. thin body star shaped candle id doji indication.
2.Volume should be high on doji day indicating trend reversal.
3.This is bullish and can opt long .Enter above high on doji day.stop loss below the doji day and target 2 times the risk.
4.This star indicating bullish trend is called MORNING STAR and EVENING STAR is vice versa and it indicates bearish trend.
Morning Star:Â When a doji is formed after a bearish trend then it is called morning star. This indicates a bullish trend reversal.
Evening Star: When a doji forms after a bullish trend then it is called as an evening star which denotes a long night ahead. This indicates a bearish trend reversal.
Morning Star – Morning star appears after a dark night, but gives a bright day. When a doji is formed after a significant price fall.  This indicates the bullish reversal.  Volume is  high during the doji days.
Evening Star – Appears after a bright day, gives dark night. Negative price movement is expected. This indicates a bearish trend reversal. <span style=”line-height: 1.5;”>Volume is  high during the doji days.</span>
Morning Star : Doji formation after a bearish trend with high volume.
Evening Star : Doji formation after a bullish trend.
buy above doji high and sell below doji low
Doji/ star formation after bearish trend  (dark day) is morning star- so the trend is reversed to bullish. consider long position
Doji/ start  formation after bullish trend (bright day) is evening star- so the trend is reversed to bearish. consider short positon
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