What is Doji Candlesticks Pattern in Indices Trading?

What Does Doji Candlestick Mean? Doji Candlestick Definition

Doji is a candlestick pattern with the same opening and closing indices price. There are various types of doji patterns that form on charts.

A doji candlestick is where stock indices price on a stock indices chart for a particular time period closes almost at the same indices price. Doji candlesticks look like a cross, inverted cross or a plus sign.

The following examples show various patterns of the doji candlestick:

Long-legged doji candlestick has long upper and lower shadows with the opening and closing stock indices price at the middle. When the Long-legged doji appears on a Indices Trading chart it indicates indecision between stock indices traders, the buyer and the sellers.

Below is an example screenshot image of the Long Legged

What is Doji Candlesticks in Indices Trading? -Technical Analysis of Doji Indices Candlestick Pattern

Technical Analysis of Doji Indices Candlestick Pattern

Cross doji stock indices candlestick pattern has a long lower shadow and a short upper shadow and the open and close of the day is the same.

This stock indices candlestick pattern appears at market turning points and warns of a possible indices trend reversal in the Indices. Below is as example of this Cross doji candlestick formation

Cross Doji Stock Indices Candlestick Pattern - Technical Analysis of Doji Indices Candlestick Pattern

Technical Analysis of Doji Indices Candlestick Pattern

Inverted cross doji stock indices candlestick pattern - candlesticks have a long upper shadow and a short lower shadow and the open and close is the same.

This reversal doji stock indices candlestick pattern appears at market turning points and warns of a possible indices trend reversal in the Indices. Below is an example of this reversal doji stock indices candlestick pattern

Inverted Cross doji Stock Indices Candlestick Pattern - Technical Analysis of Doji Indices Candlestick Pattern

Technical Analysis of Doji Indices Candlestick Pattern - All doji stock indices candlesticks pattern show indecision in the Indices Trading 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 stock indices candlestick 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 candlesticks patterns require very small pip movement between the opening stock indices price and closing indices price.