Opposite to the Gravestone Doji, aDragonfly Doji(which looks a “T”) signifies that a stock or other financial asset opened and closed at the day’s high. It tends to form at the peak of an upward trend and signals a possible trend reversal. This Doji type also shows a great amount ...
As time passes, regardless of the level of activity in the market, the chart continues to print new bars or candlesticks. In such cases, time-based charts present an inflated impression of market activity. To address this issue, some traders use the level of market activity (measured by ...