Doji pattern witnessed with average volume after a significant downfall which indicates trend reversal
therefore long posistion is created
entry:478.3
stop loss:469.8
target:490
risk reward ratio- 1:1.5
stop loss is triggered hence we incur a loss
Hi,
Volume should be high during the Doji day. (Note- A candlestick reversal pattern on high volume carries more weight than a candlestick reversal pattern on low volume so, volume plays a significant role in the buying and selling of the stocks)
the volume present on the doji day is high compared to the past five days volume
isnt that condition enough