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Stock Candle Continuation Patterns - Analysis of the Doji Candlestick Formation

Doji Candles Pattern

A candlestick pattern with the same opening and closing prices is known as a doji candlestick pattern. Stock charts can exhibit a wide variety of doji candlestick patterns.

following examples show various candle patterns of the doji candle:

The Long-Legged Doji candlestick pattern features extended upper and lower shadows, with the opening and closing prices positioned at or near the middle. Its appearance signals indecision or equilibrium between buyers and sellers in the market.

An illustrative screenshot example of the Long Legged Doji candle formation is displayed below.

Doji Consolidation Candlesticks Setup - Doji Stock Candle Patterns

  • How to Trade Doji Candle-sticks Setup Patterns - How to Interpret Doji Candlesticks Pattern

Cross Doji Candle Pattern

A cross doji candlestick pattern has a long lower shadow, a short upper shadow, and the opening and closing prices are the same.

This Cross Doji candlestick formation often manifests at points where the market changes direction, serving as a warning of a potential trend reversal within Stock Indices. An illustration of this specific Cross Doji candlestick setup is presented below.

How Do I Trade Doji Candle Patterns? - Doji Stock Candlestick Setups

  • Cross Doji Pattern - Doji Stock Candle Setup Patterns - Doji Consolidation Stock Candles Pattern - Continuation Stock Candle Setup Patterns - Doji Candles Patterns

Inverted Cross Doji Candlestick Pattern

The inverted cross doji candlestick pattern features a long upper shadow, a short lower shadow, and equal open and close levels.

This inverted doji pattern signals reversals at key turns. It hints at trend shifts. See the example below.

Doji Consolidation Candlestick Pattern - Doji Stock Candles Setups

  • Inverted Cross Doji Candle Pattern

Analysis of Doji Candlesticks Patterns - All doji candlestick patterns point to uncertainty in what way the stock market is going, because when prices are generally rising, the buyers were winning, and when prices are generally falling, the sellers were winning, but neither could stay in control, and at the end of the trading day, the stock price ended up where it started. This doji candlestick pattern shows that the overall price movement for that specific trading period was 0 points or a very small price change of just 1 to 3 points. Understanding these doji candlestick patterns needs only a tiny price difference between where the stock price started and where it ended.

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