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Doji

Neutral Candlestick Pattern

Tobi Frenzen
Author
Tobi Frenzen
Published
October 28, 2024
Author
Tobi Frenzen
Published
Oct 28, 2024
Doji Candlestick Pattern
Doji - Neutral Single Candlestick Pattern

Pattern Details

Doji

Bias

Neutral

Type

Single Candlestick Pattern

Description

Candle with open and close nearly equal, showing a cross-like shape.

Meaning

Indicates market indecision or balance. Found during trends and may signal a reversal or continuation based on context.

What is the Doji pattern?

The Doji candlestick pattern forms when a candle’s open and close prices are nearly identical, resulting in a small or nonexistent body with wicks on both sides. This pattern reflects market equilibrium, where neither buyers nor sellers dominate. Dojis often appear at trend ends, signaling potential reversals or pauses.

As a fundamental tool in technical analysis, Dojis help traders gauge the psychological battle between buyers and sellers. Proper interpretation requires context and experience, especially for spotting trend shifts. The Chart Guys offer resources to deepen your understanding, from beginner tutorials to advanced candlestick analysis.

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