What is a standard doji Candlestick?

1. Standard Doji pattern A Standard Doji is a single candlestick that does not signify much on its own. To understand what this candlestick means, traders observe the prior price action building up to the Doji. Trades based on Doji candlestick patterns need to be taken into context.

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 are the types of Doji pattern?

Three types of Doji pattern are important they are: In Dragonfly Doji the candle has a lower wick (with the same open and close) this means rejection of lower prices. When the market opens buyers push the price down and then rise and closes the buyers pushed the price higher it is a sign of strain and don’t choose Dragonfly Doji.

What are doji lines?

Doji lines are among the most important individual candlestick patterns, according to Steve Nison, the father of candlestick charts, and can also be important components of other multiple-reversal candlestick patterns. Doji form when a stock, cryptocurrency, commodity, or forex pair open and close are virtually equal.