Doji Candlestick Patterns - Doji Consolidation Candlesticks Pattern - Continuation Candle Patterns
Doji Candles Pattern
Doji Candlestick Pattern is a candlestick pattern with same opening and closing price. There are various types of doji candlesticks patterns that form on forex charts.
The following example show various candle patterns of the doji candle:
Long-legged doji candlestick pattern has long upper and lower shadows with opening and closing price at the middle. When the Long-legged doji candlestick pattern appears on a Forex chart it indicates indecision between forex traders, the buyer and the sellers.
Shown Below is example screen-shot image of the Long Legged Doji Candlestick Pattern
- How to Trade Doji Candles Patterns - How to Interpret Doji Candlesticks Pattern
Cross Doji Candle Pattern
Cross doji candle pattern has a long lower shadow & a short upper shadow & open & close of the day is same.
This cross doji candle pattern pops up at market turning points & warns of a possible forex trend reversal in the Forex. Shown Below is as example of this cross doji candlestick pattern formation
- Cross Doji Pattern - Doji Consolidation Candlesticks Pattern - Doji Continuation Candlestick Patterns
Inverted Cross Doji Candle Pattern
Inverted cross doji candle pattern have a long upper shadow and a short lower shadow & the open and close is the same.
This inverted doji candlestick pattern reversal pattern pops up at market turning points & warns of a possible forex trend reversal. Shown Below is an example
- Inverted Cross Doji Candlestick Pattern
Technical Analysis of Doji Candlesticks Patterns - All doji candles pattern show indecision in the forex market trend - this is because at the top of forex trend the buyers were in control, at the bottom of the forex trend the sellers were in control but none of them could gain control and at the close of the market the forex price closed unchanged at the same price as the opening price. This doji candlestick pattern shows that the overall forex price movement for that day was zero pips or just a minimum range of 1-3 pips. Reading these doji candlestick patterns require very small pip movement between the opening forex price and closing forex price.
