Doji

The Doji represents indecision occurring in trader’s sentiment.

When the close occurs at the same level as the open it looks like a cross. If it opens and closes very close but not exact it is called a spinning top.

 

A Doji at the top indicates that you look for a sell opportunity.

In the following diagram notice that, at the top, there is a doji. At the bottom, the doji has a long tail spinning top before and after it – making it more powerful.

This FREE Video will discuss how candlestick signals can help you pinpoint reversals.

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