Doji Candle Setups - Doji Consolidation Candlesticks Pattern - Continuation Candle Setups
Doji Candles Setup
Doji Candle-stick Setup is a candlestick pattern with same opening and closing price. There are various types of doji candlesticks patterns that form on 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 chart it shows indecision between the traders, the buyer and the sellers.
Shown Below is example screenshot image of the Long Legged Doji Candle Pattern
- How to Trade Doji Candles Setups - How to Interpret Doji Candlesticks Pattern
Cross Doji Candle-stick Setup
Cross doji candlestick pattern has a long lower shadow & a short upper shadow and open & close of the day is same.
This cross doji candlestick pattern pops up at market turning points & warns of a possible trend reversal in the Forex. Shown Below is as example of this cross doji candle pattern formation
- Cross Doji Pattern - Doji Consolidation Candlesticks Pattern - Doji Continuation Candle Patterns
Inverted Cross Doji Candle-stick Setup
Inverted cross doji candle pattern have a long upper shadow & a short lower shadow & the open & close is the same.
This inverted doji candlestick pattern reversal pattern pops up at market turning points & warns of a possible trend reversal. Shown Below is an example
- Inverted Cross Doji Candle Pattern
Analysis of Doji Candles Patterns - All doji candlesticks pattern show indecision in the market trend - this is because at the top of trend the buyers were in control, at the bottom of the market trend the sellers were in control but none of them could gain control & at the close of the market the price closed unchanged at the same price as the opening price. This doji candlestick setup portrays that the overall price movement for that trading day was 0 pips or just a min range of 1 to 3 pips. Reading these doji candlestick patterns require very small pip movement between the opening price & closing price.
