Showing posts with label doji-candlestick-pattern. Show all posts
Showing posts with label doji-candlestick-pattern. Show all posts

TYPES OF DOJI



TYPES OF DOJI

 

There Are Four Types Of Doji

 

1.THE DOJI

Doji Candlestick
www.FurtherGrow.in
If you were to learn only one candle by name, this would have to be the one. A "common" doji, as I call it, is shaped like a cross. A doji has no real body. What it says is that there is a stalemate between supply and demand. It is a time when the optimist and pessimist, amateur and professional are all in agreement. This market equilibrium argues against a strong uptrend or downtrend continuing, so a doji often marks a reversal day.


A doji in an overbought or oversold market is therefore often very significant. The opening of the next day should be watched carefully to see if the market carries through on the reversal. Note, a candle with a very small real body often can
be interpreted as a doji.

 Let's See Doji In a Chart

Doji Candlestick In Chart
www.FurtherGrow.in

2.LONG LEGGED DOJI

Long-Legged Doji
www.FurtherGrow.in
A "long-legged" doji is a far more dramatic candle. It says that prices moved far higher on the day, but then profit taking kicked in. Typically, a very large upper shadow is left. A close below the midpoint of the candle shows a lot of weakness. Here's an example of a long-legged doji:

www.FurtherGrow.in

  Let's See Long Legged Doji In a Chart

Long-Legged Doji In Chart
www.FurtherGrow.in

3.GRAVESTONE DOJI

Gravestone Doji
www.FurtherGrow.in
A "gravestone doji," as the name implies, is probably the most ominous candle of all. On that day, prices rallied, but could not stand the "altitude" they achieved. By the end of the day they came back and closed at the same level. Here's an example of a gravestone doji 

Let's See Gravestone Doji In a Chart

Gravestone Doji In Chart
www.FurtherGrow.in
  

4.DRAGONFLY DOJI 

Dragonfly Doji
www.FurtherGrow.in
Finally, a "dragonfly" doji depicts a day on which prices opened at a high, sold off, and then returned to the opening price. In my experience, dragonflies are fairly infrequent. When they do occur, however, they often resolve bullishly (provided the stock is not already overbought as shown in a chart

Let's See Dragonfly doji In a Chart

Dragonfly Doji In Chart
www.FurtherGrow.in



Thanks.....

Share: