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DOJI is a type of candlestick in which the open and close price are same or nearly same.
DOJI helps to know about price direction and who are more powerful buyers or sellers. Also, tells about morning star and evening star positions.
Doji is a candlestick with same opening and closing prices.
doji is used to indicate trend reversal when appeared with high volume.
When opening price is same as closing price and an almost flat candlestick is formed with long highs and lows then this is called a DOJI. After a few bearish days if DOJI is formed then long buy signal is given. When a DOJI is formed after a few days of rally and if DOJI is formed then it is a bearish DOJI and short sell signal is given.
When the opening price and closing price are same, then it represents a DOJI. It shows trend reversal, that is after a negative trend for many days if DOJI is formed, then we can take long position. If DOJI is formed after positive trend for many days, then we should take short position.
When opening price is same as closing price and an almost flat candlestick is formed with long highs and lows then this is called a DOJI. After a few bearish days if DOJI is formed then long buy signal is given. When a DOJI is formed after a few days of rally and if DOJI is formed then it is a bearish DOJI and short sell signal is given.
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