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FOUR PRICE DOJI LINE
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| This candle is
created when the open, high, low and close are all equal. |
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Candlestick signal: Possible
major market reversal, wait for confirmation.
Proper action: Excellent
candle if it has gapped above or below to become a star.
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GRAVESTONE DOJI LINE
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| This candle is
created when the open, low and close are all equal and below the
high. |
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Candlestick signal: Possible
major market reversal. Wait for confirmation.
Proper action: Very
good if found with an overbought market.
This type of "Doji Line" is
interpreted as a consolidation, which could signal a shift in
market momentum and direction.
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LONG LEGGED SHADOW DOJI
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| This candle is
created when the open and close are equal during a larger than
average range. The body line (open and close) must be at the
mid-range of the high and low. |
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Candlestick signal: Possible
major market reversal.
Proper action: This
type of "Doji Line" is interpreted as a consolidation
with increasing force. The extreme daily range could be
signaling a major trend change.
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DRAGONFLY DOJI LINE
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| This candle is
created when the open, high and close are equal during an
average or larger daily range. The body line (open and close)
should be at or no more than 25% less than the high. |
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Candlestick signal: Possible
major market reversal, wait for confirmation.
Proper action: Excellent
candle id it has gapped above or below to become a star.
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SMALL DOJI
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| This candle is
created when the open, and close are equal during a smaller than
average daily range. The body line (open and close) should be at
the mid-range of the high and low. |
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Candlestick signal: Possible
major market reversal, wait for confirmation.
Proper action: Excellent
candle if it has gapped above or below to become a star.
The "Doji Star" indicates the
possible termination of a trend. This type of "Doji
Line" is interpreted as a consolidation with a decrease in
force because of the small daily range. This could be signaling
a major market top or bottom.
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SMALL BLACK DOJI
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| This candle is
created when the open and close are almost equal during a
smaller than average range, and the close must be less than the
open. The body line (open and close) should be at the mid-range
of the high and low. |
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Candlestick signal: Possible
major market reversal, wait for confirmation.
Proper action: Excellent
candle if it has gapped above or below to become a star.
The "Doji Line: indicates the
possible termination of a trend. This type of "Doji
Line" is interpreted as a consolidation with a decrease in
force because of the small daily range. This could be signaling
a major market top or bottom.
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SMALL WHITE DOJI
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| This candle is
created when the open and close are almost equal during a
smaller than average range, and the close must be greater than
the open. The body line (open and close) should be at the
mid-range of the high and low. |
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Candlestick signal: Possible
major market reversal, wait for confirmation.
Proper action: Excellent
Candle if it has gapped above to become a star.
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