The Ultimate Guide to Morning Doji Star Candlestick Patterns

Last updated: January 4, 2024

Morning Doji Star Pattern

The morning doji star candlestick pattern is similar to the morning star candlestick pattern, except the second candle is a doji:

Chart

General Identification & Interpretation

Steve Nison is credited with bringing Japanese candlestick charting to the West. In his book "Japanese Candlestick Charting Techniques" he describes morning doji star patterns with the following characteristics:

Typical characteristics

• First candle shows strong bearish activity with an extended red body
• Second candle shows gap down day (doji)
• Third candle shows strong bullish activity, closing within the body of the first candle

Examples of use as a trading indicator

• Potential bullish reversal signal after a downtrend
• Support level near the lows of this pattern

Other interpretations

• If there is a gap between the doji and both the first and third candles, this pattern forms an abandoned baby bottom candlestick pattern.

More for beginners

Check out our quick start guide to candlestick charting for more information if you are new to candlestick charting!