After a price fall, the doji is formed with high volume. The trade is set up with a long position with entrypoint A (115.5) which is High of the Doji. Stoploss is set at point B(109.5) which is low of the Doji. The Target is set 2 times the risk taken, hence the target is point C (127.5), which was reached in 2 weeks time

2 Comments
  1. Naresh 5 years ago

    Hi,
    The significant volume should be seen in the doji pattern to confirm the trend reversal.

  2. Author
    Allen 5 years ago

    Sure Naresh, Will take significant volume into account in future analysis. Thank you for the correction.

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