What is a Japanese candlestick pattern, Doji?
Doji is the name of a Japanese candlestick pattern formed by a single candle in which the opening and closing prices are the same or practically the same.
The doji candle is a warning sign of a possible trend reversal, indecision or a trend weakening. The absence of a body in the Japanese candle is a reflection of indecision or a high tension between buyers and sellers whose balance may change in the following sessions.
The size of the body of a Doji candle must be very small, zero or almost zero, while the shadows can have a variable size. The resulting candle will have the appearance of a cross, an inverted cross, or a + sign.
Learn more Japanese candlestick patterns, here: