Doji is a very important candlestick formation and is formed when the open and close are approximately at the same price level. It depicts indecision and can often mean impending weakness in an up trend.
Doji Candlestick Pattern
Doji Candlestick Pattern
This is the most common type of Doji candlestick pattern. When buying and selling are almost the same, this pattern occurs. The future direction of the trend is uncertain as indicated by this Doji pattern.
Doji Candlestick Pattern
As the name suggests this is a long-legged candlestick pattern. When the supply and demand factors are at equilibrium, then this pattern occurs. The trend’s future direction is regulated by the prior trend and Doji pattern.
Doji Candlestick Pattern
This pattern is found at the end of the uptrend when supply and demand factors are equal. At the day’s low, the candlestick opens and closes. The future direction of the trend is regulated by the prior trend and Doji pattern.
Doji Candlestick Pattern
This pattern appears at the end of the downtrend when the supply and demand factors are at equilibrium.