Doji
Description
Doji
patterns are simply crosses signifying market indecision. These neutral
patterns form when an open and close are equal, indicating a virtual standoff
between bearish and bullish sentiment in the market.
It
is the length of the upper and lower shadows that create different possible
signals.
Also,
the significance of a doji signal depends on where it appears in a trend. In an
uptrend, a doji communicates that buying pressure is weakening. After a
downtrend, a doji communicates that selling pressure is weakening. Further
confirmation is needed to be sure that a reversal is imminent.
Market
Opinion
Neutral.
Pattern