The Doji is a candle formation whose opening and closing price are
virtually the same. Visually, a Doji looks like a cross or plus + sign.
It represents market indecision and suggests a potential for price
reversal.
NOTE:
TRIGGER:
virtually the same. Visually, a Doji looks like a cross or plus + sign.
It represents market indecision and suggests a potential for price
reversal.
NOTE:
- This is only a valid formation when formed at a key level of support or resistance.
The longer the wicks the better and also the doji is more reliable when closed
negative in a up trend (Bearish Reversal) and positive in a down trend. (Bullish Reversal)
TRIGGER:
- Bearish reversal - Sell break of dojis bottom wick.
- Bullish reversal - Buy break of dojis top wick.