What is the Doji Candlestick?

The Doji candlestick is easily recognized for its extremely slim body. On its own, the Doji candlestick generally means uncertainty. Nevertheless, we can observe its accompanying candles. There are at least three H4 trading strategies with the Doji candlestick. They are based on the Morning Doji Star, Evening Doji Star, and Doji Sandwich patterns.

What are the H4 trading strategies with the Doji Candlestick?

There are at least three H4 trading strategies with the Doji candlestick. They are based on the Morning Doji Star, Evening Doji Star, and Doji Sandwich patterns. Each pattern consists of three candles, with the second (middle) candle being a Doji. The Morning Doji Star is a bullish reversal pattern.

What is a gravestone doji candle?

A gravestone doji candle is a pattern that technical stock traders use as a signal that a stock price may soon undergo a bearish reversal. This pattern forms when the open, low, and closing prices of an asset are close to each other and have a long upper shadow.

What is a Doji in trading?

The patterns that form in the candlestick charts are signals of such market actions and reactions. Doji are used in technical analysis to help identify securities price patterns. A doji names a trading session in which a security has an open and close that are virtually equal, which resembles a candlestick on a chart.