Tags Posts tagged with "Doji"

Doji

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The doji is a special type of candlestick pattern that can signal a changing market. We can use this pattern to try to understand the sentiment and to recognize times when the market strength is switching between buyers and sellers.

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A gravestone doji can be a sign that an uptrend has moved too high, too quickly. This can mean some retracement is necessary before new highs can be made.