Signs of Reversal: Doji Candlesticks
Another application of candlestick is the doji pattern. When the body of the candlestick is small or non-existent with shadows longer the and the length of the body, the opening and closing prices are very close to each other ( when the body is not visible, the opening and closing prices are the same). Doji patterns are only significant when they appear among candlesticks with normal body lengths. Their significance reduces when they appear among a group of candlesticks with similarly small bodies.
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