✍ In Japanese, "doji" means blunder or mistake,1 referring to the rarity of having the open and close price be exactly the same.
✍Doji indicates that the bulls and bears have same power and ability to move price in their direction. It is believed that during uptrend at the top doji is formed and vice-versa. The direction of the price decides with the next candle formation after it.
✍Shadow of the doji indicates that which side is more stronger. Before taking a trade the closing and opeaning of the next candle is important.
✍The closing of next candle above the high point of doji,indicates the bullish side is more powerful during the end of downtrend or correction.
✍If the closing of next candle is below the low point of doji,indicates the bearish side is more powerful during the end of uptrend.
✍gravestone is a stele or marker, usually stone, that is placed over a grave. It is traditional for burials in the Christian, Jewish, and Muslim religions, among others.
✍The term grave stone is used because it is formed at the bottom during the end of downtrend. The open price and closing price of all doji are same.
✍As shown in th above image👆 the grave stone doji has large shadow at the upper end and open and close is almost same.
✍The trade has to taken when the price closes above the high point of the candle and stop loss has to be put on the lower end.
✍A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It's formed when the asset's high, open, and close prices are the same.
✍As shown in the above image the candle has long lower shadow and almost no upper shadow. The open and close of the candle is almost same.
✍The dragonfly doji acts as a trend reversal for the asset. The trade has to be taken after the closing of price above or below of upper or lower end and the stop loss has to be taken at the opposite side.
DOJI TREND REVERSAL PATTERN
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