What is Morning Doji Star?
Morning Doji Star is an enhanced version of Morning Star. Of the 3-bar pattern, 2 candles (middle candles) are composed of Doji candles instead of regular small candles.
| Morning Star | Morning Doji Star | |
|---|---|---|
| 2-bag type | Small candle or black candle | Doji Candle |
| Reliability | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Rarity | middle | low |
3 stages of formation
1st candle: Large negative candle (confirmation of decline)
Strong downward trend continues. Fully dominated by selling forces.
2nd candle: Doji (perfectly balanced)
A state where buying and selling are perfectly balanced. Doji's opening = closing price, so neither side won. This is why it is much stronger than a regular top type.
3rd candle: Big candle (buy win)
The buying trend explodes at the equilibrium point. 50%+ retracement of the 1st bar body.
Reliability Checklist
- Bottom section after downward trend
- 1st bar: Large negative bar
- 2nd bar: Doji (opening price ≈ closing price, may have tails)
- 3rd candle: large candle, 50%+ retracement of the 1st candle
- 3-bar trading volume: highest among the 3-bars (explosion)
- Strongest when accompanied by RSI 30 or less
Evening Doji Star
The exact mirror image of the Morning Doji star — a bearish reversal:
| Evening Doji Star | |
|---|---|
| Appearance | Uptrend high |
| 1 bag | Big beekeeping |
| 2 bags | Doji |
| 3 bars | Big black rod, 50%+ penetration |
| signal | 🔴 Decline reversal |
Futures Trading Strategy
Morning Doji Star Long
Entry: 3rd closing price
Stop Loss: Below the 2-bar lowest price (Doji low)
Target: Fibonacci extension or previous high
Since it is a strong signal, leverage of 5 to 10 times is possible.
(However, the principle of account risk within 1-2% must be observed)
Evening Doji Star Short
Entry: 3rd closing price
Stop Loss: Above the 2nd bar high (Doji high)
Target: former support line