Evening Doji Star


Evening Doji Star ( Bearish )
Evening Doji star formation is vice versa of Morning Doji Star candlestick pattern, this candlestick formation builds by two candlestick , where the first candlestick has long white body or white marubozu ( with its combination ) , and the second candlestick is Doji candlestick pattern.
The emergence of Bearish Evening Doji Star candlestick pattern can be describe as follows:
1. Evening Doji sar is preceded by a bullish trend or uptrend
2. The first candlestick is long white candlestick pattern or White Opening Marubozu / White Closing Marubozu.
3. The second candlestick is Doji candlestick pattern ( Four Price Doji / Long legged Doji / Dragonfly Doji or White closing Marubozu candlestick )
4. The bottom level of doji candlestick is above closing price of the first candlestick. This level is also become resistance level of trend bearish.
The emergence of Long White Candlestick pattern / White Marubozu on the first day makes investor confidence about trend bullish continuation in the market, but this confidence will be disappear when doji candlestick and gap up pattern occur on the second day.

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