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What is a Doji candle?
A doji is neither bearish nor bullish, but instead indicates that the market is evenly divided or indecisive. It can happen after a bullish run, indicating the bears are fighting back — or vice versa. More definitive doji patterns are called Gravestone doji (bearish reversal) or a Dragonfly doji (bullish reversal) What happens after a doji candle?What is a Doji Candlestick trading strategy?
A popular Doji candlestick trading strategy involves looking for Dojis to appear near levels of support or resistance. The below chart highlights the Dragonfly Doji appearing near trendline support.What does a Doji mean?
A doji, referring to both singular and plural forms, is created when the open and close for a stock are virtually the same. Doji tend to look like a cross or plus sign and have small or nonexistent bodies. From an auction theory perspective, doji represent indecision on the side of both buyers and sellers.Are doji candlesticks a sign of a reversal?
Doji candlesticks are often found at the bottom and top of trends where they may be considered a sign of possible reversal of price direction, but the Doji pattern can occur at any place in the price trend and can also serve as a continuation pattern. Of course, there are different types of Doji pattern; let’s take a look at them.