A gravestone doji candle is a pattern that technical stock traders use as a signal that a stock price may soon undergo abearish reversal. This pattern forms when the open, low, and closing prices of an asset are close to each other and have a long upper shadow. The shadow in a candlest...
doji . traders would enter a long position when the price breaks above the top of the doji candle and use a candle close below as a stop level. the picture of $cat shows doji candlesticks to the upside and downside. the first example shows a doji at the base of a falling wedge p...
A dragonfly doji is a candlestick pattern that signals a possible price reversal. The candle is composed of a long lower shadow and an open, high, and close price that equal each other.
These are bearish reversal patterns, suggesting selling pressure is mounting and the price may fall. Doji look like a star or a cross, which supposedly display indecision in the market. They happen when the open and close prices are almost the same, meaning the candle doesn’t have a body....
In this scenario, traders may interpret the doji patterns as a signal to exercise caution. The lack of a clear trend direction suggests that the market is in equilibrium. Traders may choose to wait for a stronger signal, such as a confirmed trend breakout or a combination of doji patterns ...
The name “gravestone” stems from the pattern’svisual similarity to an actual gravestone. As the gravestone doji candle opens and closes at a similar price level (i.e., the opening and close prices are nearly the same), it takes on an “l” orinverted “t” shape. The long upper sh...
DIMO pattern recognition tool provides the execution environment for running the Evening Doji Star recognition and other technical functions against DIMO. DIMO value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in ...
The wicks also show valuable information. A short upper wick on a down candle shows the open price was close to the high price, whereas a short upper wick on an up day shows the closing price was close to the high price. There is also a trend called a “doji,” where the body of...
Dragonfly Doji Engulfing Pattern Evening Doji Star Evening Star Up and Down gap side by side white lines Gravestone Doji Hammer Hanging Man Harami Pattern Harami Cross Pattern High Wave Candle Hikkake Pattern Modified Hikkake Pattern Homing Pigeon ...
The Doji is a candlestick pattern that is formed when the security opens and closes at the same price. This pattern is often used to indicate that the security is in a trading range and that the direction of the next move is uncertain. ...