2/23/2023 0 Comments Long legged dojiIf this is not the case, then the doji becomes more important. It is also necessary to consider whether or not the asset in question often forms dojis. Note: A doji is a more relevant candlestick in a bullish market. In a market with a strong trend, the appearance of a doji indicates a possible trend reversal. In a market without a trend, it should not be taken into account. Depending on where the doji is formed, it has a greater or lesser significance. Significance: A doji is an indecision indicator but it is a reversal pattern under certain conditions. The opening and closing prices are the same, although there may be a slight difference between the two.Ĭharacteristic: Dojis can be found in any type of market, whether trending or not, bullish or bearish. Definition: A doji is a structure comprised of a single Japanese candlestick.
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