Doji Star Bearish Candlestick Pattern

The Psychology
In an uptrend or within a bounce of a downtrend, the market gaps up but does not continue its upward movement. Instead enough bears step up to bring supply and demand back into equilibrium and the stock churns in place. The halt of the uptrend signifies the possibility of a reversal, so confirmation is needed with a weak third day (preferably with volume behind it).


Identification
A long white day is followed by a Doji that gaps in the direction of the trend. The shadows of the Doji should not be long.

Pattern: reversal
Reliability: moderate


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