Candle Stick Tutorials 2

Doji

Description

Doji patterns are simply crosses signifying market indecision. These neutral patterns form when an open and close are equal, indicating a virtual standoff between bearish and bullish sentiment in the market. 

It is the length of the upper and lower shadows that create different possible signals.

Also, the significance of a doji signal depends on where it appears in a trend. In an uptrend, a doji communicates that buying pressure is weakening. After a downtrend, a doji communicates that selling pressure is weakening. Further confirmation is needed to be sure that a reversal is imminent.

Market Opinion

Neutral.

Pattern