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The word doji comes from the Japanese phrase meaning ?the same thing.? A doji candlestick is a neutral indicator that provides little information. They are rare, so they are not reliable for spotting things like price reversals. Doji formations come in three major types: gravestone, long-legged, and dragonfly.

The four main types of Doji patterns commonly seen are ? common, gravestone, long-legged, and dragonfly Doji.

Bullish candlestick ? These are green candles and it shows that the price has increased over the selected time period. In other words, the closing price is higher than the opening price. Bearish candlestick ? These are red candles and it shows that the price has decreased over the selected time period.

What are the types of Doji candlesticks? The types of Doji candles are Dragonfly Doji, Hammer Doji, Star Doji, Bearish Doji Star, Bullish Doji Star, Long Legged Doji, and Gravestone Doji.

Here is a quick and simple process for reading stock charts: Open a stock chart. Select a chart type. Choose a chart timeframe & scale. Assess price direction with trendlines. Use trendlines to determine price patterns. Add chart indicators. Estimate the future stock price direction.

The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow white (or green) candles with no lower shadows are used to signal a strong uptrend, while filled black (or red) candles with no upper shadow are used to identify a strong downtrend.

Page 1 The Gravestone Doji is the opposite of the Dragonfly Doji. ... A Doji candlestick signals market indecision and the potential for a change in direction. ... Standard Doji Long Legged Doji Dragonfly Doji Gravestone Doji 4-Price Doji 1.