How to Read Reversal Doji Candles Pattern

This reversal doji candle pattern pops up at market turning points & warns of a possible trend reversal in Indices market trend. Below is an example of this reversal doji candle stick pattern

Doji is a indices candlestick pattern with same opening & closing indices price. There are various types of doji patterns which are formed on stock indices charts.

A doji candle-stick is where stock indices price of a indices pair for a specific time period closes almost at the same indices price. Doji candlesticks look like a cross, inverted cross or a + (plus) sign.

This reversal doji candle pattern pops up at market turning points & warns of a possible trend reversal in Indices. Below is an example of this reversal doji candle stick pattern

How to Read Reversal Doji Candles Pattern?

Technical Analysis of Doji Candle Pattern - All doji candles pattern show indecision in the Indices market this is because at the top of the buyers were in control, at the bottom the sellers were in control but none of them could gain control and at the close of the stock indices trading market the stock indices price closed unchanged at the same stock indices price as the opening indices price.

This doji candle pattern shows that the overall stock indices price movement for that day was zero pips or just a minimum range of 1-3 pips. Reading these candles patterns require very small pip movement between the opening stock indices price and closing indices price.