What Happens in Indices Trade After a Bearish Reversal Doji Stock Candle Pattern?
This bearish reversal doji stock candle setup pattern appears at market turning points in an upwards trend & warns of a possible trend direction reversal in the Trading market trend - from an upward trend to a down-ward trend. Below is an example of this bearish reversal doji stock candle pattern
Doji is a stocks candle setup pattern with same opening & closing price. There are various types of doji patterns which are formed on stock charts.
A bearish doji candle-stick is where stock price for a specific time period closes almost at the same trading price. Bearish Doji candles look like a cross, inverted cross or a plus sign and appears at top of an upwards trend.
This bearish reversal doji stock candle pattern setup pops up at market turning points & warns of a possible trend direction reversal in the Trading market. Below is an example of this reversal doji stock candle pattern that is a bearish doji if it appears at the top of an upwards stock trend.
Bearish Doji Reversal Candle Pattern
Technical Analysis of Bearish Doji Candlestick Pattern - All doji candlesticks pattern show the indecision in the Trading market this is because at the top buyers were in control but none could gain control and at the close of the stock trading market the stock price closed unchanged at same stock trading price as the opening price. This bearish doji candle pattern highlights that the overall stock price movement for that particular day was 0 pips or just a min range of 1 3 pips. Reading these candlesticks patterns require very small pip movement between the opening stock price & closing price.
When this candlesticks pattern appears at the top of an up trend then this candles pattern give a bearish trend reversal stock trading signal because it shows the energy of the buyers is declining.
Once this doji candle setup is confirmed by trading price closing lower than the opening stock price of the candle that's plotted prior to the bearish doji candle then the bearish trend reversal stock trade signal will have been confirmed.
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