ISAT forming Bullish (Doji) Star

Usually a star that follows a long black candlestick in a downtrend indicates a change in the market. Bears were in control during the downtrend but now a change is implied by the appearance of a star that shows that the bulls and the bears are in equilibrium. The selling pressure decreases. Things are not favorable for continuation of a bear market.

A confirmation of the reversal on the third day is required. This confirmation of the trend reversal may be in the form of a white candlestick, a large gap up or a higher close on the next trading day (third day).