Equity Based Analysis > Technical Analysis > Candlestick Functions > Collapsing Doji Star |
A three day bearish reversal pattern that is similar to the Abandoned Baby Top.
The difference between Collapsing Doji Star and the Abandoned Baby Top is that the third day should open lower than the second day's low.
Recognition Criteria:
· UpTrend
· First line is Long White
· Second line is Doji
· Third line is Black
· Second line's high price is lower than the first line's low price
· Third line's high price is lower than the second line's low price
Function: CollapsingDojiStar()
Trend: Bearish
Type: Reversal