Doji Candlestick Meaning

A Doji candlestick pattern show if the open price and close price are the same level or close. Foreign exchange traders know about this candlestick pattern and they know this candlestick pattern is one of the most accurate candlestick patterns. Steve Nison talk about this pattern in one chapter. Actually Doji candlestick pattern doesn't give you much information about the market movements. This candlestick only gives us that the previous trend is slowing down and there is potential reversal. And if you do not know how to use doji candlestick patter, check this out.

All you need to know about this candlestick formation is that a doji is give strong signal after a big trend or a big movement to the bullish side (if you want to look for sell trading) and give strong signal after a big trend or a big movement to the bearish side (if you want to look for buy trading). Doji candlestick formation can be used as a resistance or support level.