“If you are not big enough to lose, you are not big enough to win.”
Dojis are one of the most important candlestick pattern that used to give you information about the traders psychology in the market. The doji formations show the closing and the opening prices are the same level. The long of shadow at below and above candle can be so various and the doji formations look like plus ( + ) or crucifix.
Dojis have many variations, some of them are :
1. long Legged doji
2. Dragonfly Doji
3. Gravestone Doji
a. Long Legged Doji
Long Legged doji is a doji with shadow at top and below candlestick which is has same range. Always remember the doji formations always indicates that there is an indecision in the market. This Formations indicates that in the beginning session the buyer and sellers move or fight actively but around the closing session the price pull back near the opening level.
b.Dragon Fly Doji
Dragon fly doji is formed when the level of opening price, highest price, the closing price are the same whereas the lowest price formed a long shadow.The dragonfly doji will look like "T" word.
Dragon Fly doji indicates that the sellers dominate at the beginning session and bring the price down but around the closing session the buyers start moving and pushing the price up near the the highest price. The longer the shadow below the candle indicates there are desirability of sellers to push the price down.
If at the downtrend after the price declining for some periods and one of the candle form dragonfly doji it is a possible that the trend will reserve or change to uptrend, whereas if at the uptrend after the price raising for some periods and one of the candle form dragonfly doji, it is a possible the trend will reserve or change to downtrend. But this is not enough you will need other confirmation to make sure the trend has been reserved.
c. Gravestone doji
Gravestone doji is the doji that formed when the level of opening price, lowest price and closing price are the same whereas the highestt price formed a long shadow.
This gravestone doji indicates that buyers dominate at the beginning session and bring the price to the highest level but the around the closing session the sellers start moving and pushing the price down near the lowest price.
If at the downtrend after the price declining for some periods and one of the candle form gravestone doji it is a possible that the trend will reserve or change to uptrend, whereas if at the uptrend after the price raising for some periods and one of the candle form gravestone doji, it is a possible the trend will reserve or change to downtrend. But this is not enough you will need other confirmation to make sure the trend has been reserved.
Dojis have many variations, some of them are :
1. long Legged doji
2. Dragonfly Doji
3. Gravestone Doji
a. Long Legged Doji
Long Legged doji is a doji with shadow at top and below candlestick which is has same range. Always remember the doji formations always indicates that there is an indecision in the market. This Formations indicates that in the beginning session the buyer and sellers move or fight actively but around the closing session the price pull back near the opening level.
b.Dragon Fly Doji
Dragon fly doji is formed when the level of opening price, highest price, the closing price are the same whereas the lowest price formed a long shadow.The dragonfly doji will look like "T" word.
Dragon Fly doji indicates that the sellers dominate at the beginning session and bring the price down but around the closing session the buyers start moving and pushing the price up near the the highest price. The longer the shadow below the candle indicates there are desirability of sellers to push the price down.
If at the downtrend after the price declining for some periods and one of the candle form dragonfly doji it is a possible that the trend will reserve or change to uptrend, whereas if at the uptrend after the price raising for some periods and one of the candle form dragonfly doji, it is a possible the trend will reserve or change to downtrend. But this is not enough you will need other confirmation to make sure the trend has been reserved.c. Gravestone doji
Gravestone doji is the doji that formed when the level of opening price, lowest price and closing price are the same whereas the highestt price formed a long shadow.
This gravestone doji indicates that buyers dominate at the beginning session and bring the price to the highest level but the around the closing session the sellers start moving and pushing the price down near the lowest price.
If at the downtrend after the price declining for some periods and one of the candle form gravestone doji it is a possible that the trend will reserve or change to uptrend, whereas if at the uptrend after the price raising for some periods and one of the candle form gravestone doji, it is a possible the trend will reserve or change to downtrend. But this is not enough you will need other confirmation to make sure the trend has been reserved.
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