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Showing posts with label longlegged doji. Show all posts
Showing posts with label longlegged doji. Show all posts

Japanese candlestick pattern: DOJI

What is a doji?

Doji is a type of candle in which the opening and close price are same. This is one of the most important reversal patterns in Japanese candlestick chart.

How to identify a doji?

doji candlestick pattern

See the above picture, the second arrow shows a perfect doji. The opening and close price are same.
Even when the opening and closing prices are a few pips apart, it is considered a doji candle. See the first arrow in the picture

Why doji candlestick is important?