Monday, August 2, 2021

Doji:

Doji: The Doji is a single candlestick pattern. The Doji assumes significance, when it appears after a trending move, be it up or down. The Doji symbolizes indecision and after a Doji the incumbent trend can reverse, go sideways or continue uptrend. However, appearance of a Doji is a signal of caution that the probability is high that the erstwhile trend may be coming to an end. Doji is a candle which has open and close almost at similar level. There can be upper shadows and lower shadows of various proportions.




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