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Three River Morning Doji Star PDF Print E-mail

Three River Morning Doji Star

Reliability Rating: High

This pattern start with a long black candle (part of a downtrend), it is followed by a gap down doji and finally on the third day a white candle is formed with a gap up.

This pattern shows a potential rally. Many positions have changed for seller to buyer in this instance. It is the third white candle where the bullish signal can be confirmed. Be concious of the gaps since this will give you information as to the strength of the signal.