Dojis

Doji

- candlestick pattern characterized by the fact that open price = close price. 

- length of the wicks can vary --> a doji can take several forms. 

- it shows indecisiveness in the market --> current trend is questioned and reversal not unlikely. 

 

Although a doji shows indecisiveness in the market, it can still be more bullish or bearish depending on the price action during the trading day.

 

 

Doji

Gravestone Doji

- more bullish doji with a very long upper wick without lower wick. 

- length of upper wick shows some strength in upward direction. 

- its signal depends on where this pattern occurs but it signals a potential major turning point. 

    

 

 

Gravestonedoji

Dragonfly Doji

- more bearish doji with a very long lower wick without upper wick. 

- length of lower wick shows some strength in downward direction. 

- its signal depends on where this pattern occurs but it signals a potential major turning point. 

 

 

 

Dragonflydoji

Rickshaw Man

- doji with long upper and lower wicks.

- opening price and closing price are nearly equal despite a lot of movement during the day. 

- signals indecision about future direction. 

- a shift in direction of trend may be coming.  

 

 

 

Rickshaw

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