What is Doji Candles Pattern in Indices Trading?
What Does a Doji Candle Mean? - Doji Candlestick Definition
Doji is a candlestick pattern with same opening & closing indices trading price. There are various types of doji candlestick patterns that form on charts.
A doji candlestick is where stock indices price on a stock indices chart for a specific trading time period closes almost at the same indices price. Doji candlesticks look like a cross, inverted cross or a + (plus) sign.
following example show various patterns of the doji candle:
Long-legged doji candle has long upper & lower shadows with the opening and closing stock indices price at the middle. When the Long legged doji pops up on a Indices chart it indicates indecision between stock indices traders, buyer & the sellers.
Shown Below is example image image of the Long Legged
What is Doji Candles in Indices Trading? -Technical Analysis of Doji Candle Pattern
Technical Analysis of Doji Candlestick Pattern
Cross doji stock indices candlestick pattern has a long lower shadow and a short upper shadow & the open & close of the day is the same.
This stock indices candlestick pattern pops up at market turning points & warns of a possible indices trend reversal in the Indices. Below is as example of this Cross doji candlestick formation
Cross Doji Stock Indices Candlestick Pattern - Analysis of Doji Candle Pattern
Technical Analysis of Doji Candle Pattern
Inverted cross doji stock indices trading candlestick pattern - candles have a long upper shadow and a short lower shadow & the open & close is the same.
This reversal doji stock indices candlestick pattern pops up at market turning points & warns of a possible indices trend reversal in the Indices. Below is an example of this reversal doji stock indices candlestick pattern
Inverted Cross doji Stock Indices Candlestick Pattern - Analysis of Doji Candle Pattern
Technical Analysis of Doji Candle Pattern - All doji stock indices candles pattern show indecision in the Indices Trading market this is because at top the buyers were in control, at bottom the sellers were in control but none could gain control and at the close of the stock indices trading market the stock indices price closed unchanged at the same stock indices price as the opening indices price.
This doji stock indices candlestick pattern shows that the overall stock indices price movement for that day was zero pips or just a minimum range of 1-3 pips. Reading these candlesticks patterns require very small pip movement between the opening stock indices price & closing indices price.
