Doji
A candlestick where the open and close are almost the same, leaving a cross shape that signals indecision.
In plain English
A candlestick where the open and close are almost the same, leaving a cross shape that signals indecision.
A doji has almost no body, because price closed right where it opened. Buyers and sellers fought all session and ended in a draw.
After a long trend, a doji can hint that momentum is fading. On its own, in the middle of a range, it means little. Variations include the dragonfly, gravestone and long-legged doji.
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