DOJI - CANDLE FORMATION (TREND INDECISON, REVERSAL)

14 Haz 2016

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:

• 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.