What is Doji Candles Pattern in Indices Trading?

What Does a Doji Candle Mean? - Doji Candlestick Definition

Doji is a candlestick pattern with same opening & closing trading price. There are various types of doji candle-stick patterns that form on charts.

A doji candle-stick is where price on a chart for a specific trading time period closes almost at the same price. Doji candle-sticks look like a cross, inverted cross or a + (plus) sign.

following example show various patterns of the doji candle:

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

Shown Below is example image image of the Long Legged

What is Doji Candles in Indices Trading? -Technical Analysis of Doji Candle Pattern

Technical Analysis of Doji Candlestick Pattern

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

This candlestick pattern pops up at market turning points & warns of a possible trend reversal in the Indices. Below is as example of this Cross doji candlestick formation

Cross Doji Stock Candlestick Pattern - Analysis of Doji Candle Pattern

Technical Analysis of Doji Candle Pattern

Inverted cross doji trading candle pattern - candles have a long upper shadow and a short lower shadow & the open & close is the same.

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

Inverted Cross doji Stock Candlestick Pattern - Analysis of Doji Candle Pattern

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

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