Pattern Detail

Bullish Morning Doji Star

Three-candle bottom: a down candle, a doji that gaps lower, then an up candle that turns the trend.

A real Bullish Morning Doji Star on NQ hourly bars, Apr 3, 2008. Price then followed through 0.6% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.
A real Bullish Morning Doji Star on NQ hourly bars, Apr 3, 2008. Price then followed through 0.6% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.

Shown only on the markets where this pattern occurs.

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How to read this

Everything here is in R, the setup's own risk. 1R is the distance from the entry (the pattern's closing price) to where it would be proven wrong — its lowest low over the 3 bars that form it. So "offered 2R" means price ran twice that distance in your favor at some point before the stop. It does not assume you took profit there: a target is a strategy choice.

Room offered (≥ 1R)

33.3%

Too few to trust

Offered at least 1× its risk before the stop, vs 42.6% for a random long entry (-9.2 pts).

Move size vs normal

3.93×

Realized range over the next 20 bars vs a random bar. Precedes a bigger move.

Typical room (20-bar)

0.82R

Average run in favor (capped at 3R), vs 1.10R for a random long entry.

Summary

Offered ≥1R 33.3% of the time vs 42.6% for a random long entry. The 9.2-point gap is no bigger than the ±32.3-point margin of error you would get by chance from 9 occurrences. Not a reliable edge.

Room offered, this setup vs a random long entry

Only 9 occurrences. The breakdown below is shown in full, but a sample this small is anecdotal, a hint, not a measured edge. That is usually a limit of available history, not a flaw in the pattern. For a firmer read, try a lower timeframe or a more active instrument.

Outcome This setup Random entry Edge
Offered ≥ 1R 33.3% 42.6% -9.2
Offered ≥ 2R 22.2% 27.0% -4.7
Offered ≥ 3R 11.1% 18.3% -7.2
Stopped < 1R 66.7% 53.6% +13.1
Went sideways 0.0% 3.8% -3.8

9 occurrences · 356,990 random-entry controls · 20-bar horizon

A bullish morning doji star is a three-candle bottom and a sharper version of the morning star. A long down candle is followed by a doji that gaps below it, a bar that opens and closes at nearly the same price. Then an up candle drives the trend back the other way. The doji is the star: selling pressure runs dry at the lows, and buyers take over from there.

Steve Nison covers the morning doji star in Japanese Candlestick Charting Techniques (1991) as a sharper form of the morning star, with a doji at its center.

How to spot it

  • The market is falling into the pattern.
  • The first candle is a long down (red) candle that fits the decline.
  • The second candle is a doji that gaps below the first. This is the star.
  • The third candle is an up (green) candle that turns price back higher.
  • The cleaner the gap and the tighter the doji, the more textbook the signal.

The dashed box on the chart above marks the three candles on a real occurrence, with the decline before and the move after.

The psychology

The first candle is the sellers still doing what they have done all the way down, closing the market lower with conviction. Then the doji appears and gaps below it, which at first looks like more of the same. But by the time that bar closes, the open and close sit at almost the same price. The selling that drove the decline has met something. Neither side can move price, and a market that was falling hard has gone quiet right at its lows.

That silence is the turn. Sellers have spent their pressure and find no new supply to push price lower, while buyers begin to step in and meet every offer. The third candle settles the question: price closes back up and the market lifts off the bottom. Anyone who sold into the gap is now watching their entry slip away, and some of them buy back to cover, which feeds the move higher.

Whether that handover holds or fades is the next question, and the figures below take it up.

Does it actually work?

A pattern is a setup, not a trade, so the honest question is not “did it win” but “how much room did it tend to offer before it was proven wrong.” The tabs below answer that across five futures markets (Nasdaq, S&P 500, gold, crude oil, natural gas) and seven timeframes from one minute to one day.

For each occurrence we measure the room the move offered in units of the pattern’s own risk, then set it against what a random entry on the same market would have done. When the pattern offers more room more often than chance, that shows up as a real edge. When it does not, the page says so plainly.

Read it with the sample size in view. On the faster timeframes a pattern can fire thousands of times, enough to trust. On the daily chart it is far rarer, so treat those numbers as a hint rather than a verdict. Thin samples are flagged for you on the page.

How we measured it

  • Entry is the close of the final candle of the pattern.
  • One unit of risk, 1R, is the distance from that close down to the pattern’s invalidation point: the lowest low of the three candles that form it. If price trades through there, the setup is wrong.
  • We then follow the next 20 bars and record how far price ran in your favor, in multiples of that risk, before the stop was hit.
  • Every figure is set against a random entry on the same market and timeframe, so the market’s own drift is accounted for.
  • No profit target and no position sizing. Where you take profit is a strategy choice; this measures only the room the pattern tends to give.

What this page does not cover

  • Volume on the pattern’s candles.
  • Whether the pattern forms at a meaningful support level.
  • Pairing it with a trend filter or a confirming signal.
  • A profit target or position sizing. We use the pattern’s own invalidation point as the stop to define risk, but where you take profit, and how much you put on, are strategy decisions this page leaves to you.

Sample Bullish Morning Doji Star Firings (9)

Based on data through Apr 29, 2026

Time Risk (pts) Room offered Result
Jan 24, 2022, 8:35 AM CST 101 0.00R Stopped
Feb 28, 2020, 2:10 PM CST 44.75 1.34R Ran ≥1R
May 9, 2019, 8:35 AM CDT 20.25 0.00R Stopped
Sep 22, 2011, 11:20 AM CDT 5.75 2.91R Ran ≥1R
Mar 24, 2009, 11:10 AM CDT 3.25 3.00R Ran ≥1R
Dec 29, 2008, 11:50 AM CST 1 0.00R Stopped
Dec 4, 2008, 12:20 PM CST 2.75 0.00R Stopped
Oct 9, 2008, 1:40 PM CDT 4.5 0.00R Stopped
Oct 6, 2008, 8:35 AM CDT 13.75 0.13R Stopped

Sample backtest

Real backtested runs of this pattern, with commissions and slippage. Open one for the full equity curve and metrics, or backtest it yourself on your own contract and dates.

Backtest this pattern

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