Candlestick Fundamentals โ Pt 1: Doji ๐ค
๐ Doji = indecision in the market
A Doji appears when the opening and closing price are almost the same.
This shows that buyers and sellers are in balance, and the market is unsure which direction to take.
How to recognize it:
โข Very small or no body
โข Long or short shadows (depends on the type)
โข Types: classic Doji, Dragonfly Doji, Gravestone Doji
๐ก Tip: Doji candles are most powerful at key support or resistance levels.
Alone, they donโt give a signal โ wait for the next candle to confirm direction.
๐ฌ Question: Do you use Doji candles to spot entry points or just to watch for market hesitation?