What is doji candlestick pattern?

Doji Candlestick Pattern is the most important candlestick Pattern, When Doji forms in Chart, It tells us that the Market opens and closes at the same level or price which means that there is indecision between buyers and sellers, here no one controls the market. You can see the example below:

What does it mean if a Doji candle is in an uptrend?

If you spot a Doji in an uptrend, it means the market is temporarily in equilibrium. Once it “rested” enough, the market is likely to move higher since that’s the path of least resistance. But don’t make this mistake… Most traders spot a Doji in an uptrend and think… “The trend is about to reverse, time to go short on this doji candle!” Bad idea.

What is a dragonfly doji candle?

In a strong trend or healthy trend, a doji candle is likely to “bbounce off” the Moving Average. Thus, you’ll look to go long when the price does a pullback towards a key Moving Average and forms a Dragonfly Doji. Now, you’ve learned what the Dragonfly Doji is and how it works.

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.