Star

In candlestick charting, a star refers to a small-bodied candle that gaps up or down in relation to the previous day’s long-bodied candle. Star patterns suggest market indecision about a security and suggest a possible reversal of a trend. An investor might observe several types of star patterns on a candlestick chart. Common star patterns include the following:

Bullish patterns:

1. Morning Star — a bullish star reversal pattern that consists of a long black candle, a short white candle that gaps down and a longer white candle that gaps up. The morning star pattern is similar to a bullish abandoned baby which has a Doji rather than a short candle as its second candle.
2. Morning Doji Star — a strong bullish star reversal pattern consisting of a long black candle, a Doji that gaps down and a white candle that closes well into the body of the black candle.
3. Doji Star — a star reversal pattern consisting of a long black candle followed by a Doji candle that gaps down.
4. Tri-Star Bottom — a rare star reversal pattern consisting of three Doji candles. The second candle gaps below the first candle and the third candle gaps above the second.

Bearish star patterns:

1. Evening Star — a bearish star reversal pattern consisting of a long white candle, a short black candle that gaps up and a longer black candle that gaps down. The evening star pattern is similar to a bearish abandoned baby which has a Doji rather than a short candle as its second candle.
2. Evening Doji Star — a strong bearish star reversal pattern consisting of a long white candle, a Doji that gaps up and a black candle that closes well within the body of the white candle.
3. Doji Star — a bearish star reversal pattern consisting of a long white candle followed by a Doji candle that gaps up.
4. Shooting Star — a bearish star reversal pattern consisting of a long white candle, a black hammer candle that gaps up and a longer black candle that gaps down.
5. Tri-Star Top — a rare star reversal pattern consisting of three Doji candles. The second candle gaps above the first candle and the third candle gaps below the second.

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