The Doji Candlestick Flashcards
1
Q
What is A Doji candlestick?
A
The Doji forms when the open and close of a candlestick are equal or very close to equal.
2
Q
What the formation of the Doji candlesticks says about the market?
A
The Doji candlestick is considered a neutral formation suggesting indecision between buyers and sellers.
3
Q
How a Doji pattern is helpful to traders on a downtrend?
A
If multiple types of Doji happen during a downtrend, the asset will start a new uptrend.
4
Q
How a Doji pattern is helpful to traders on a uptrend?
A
If multiple types of Doji happen during a uptrend, the asset will start a new downtrend.
