The bullish doji star (doji bike) candlestick pattern (view full size chart) is one of the double candlestick patterns (i.e. it consists of two individual candlesticks), and it is a generally bullish pattern.
The bullish doji star candlestick consists of a downward candlestick (e.g. a red candlestick), followed by a doji candlestick that opens and closes (otherwise it would not be a doji) below the close of the previous candlestick (i.e. a gap down), and has a high below the close of the previous candlestick.
Use In Trading
The bullish doji star pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), but it is most relevant when it occurs during a significant downward trend. The bullish doji star can be used as an indication of the end of a downward trend, and can be used as both a trade entry and a trade exit pattern (i.e. an exit from a short trade, and/or an entry into a long trade), but it is recommended that the following candlestick provides an additional confirmation (i.e. bullish trading, etc.).
