![]() There are predominantly five types of Doji candlesticks. When we look at the real examples, you will see how any trader can make a mistake of misreading it. It is referring to the breaking of essential support or resistance level in the chart pattern, which can often be a mistake. If you are not sure about reading candlesticks, please check out my article to understanding the candlestick here. What is Doji Candlestick?ĭoji candlestick is formed when you have open and close very close to each other, and the candlestick has a long shadow either on the upside or downside. So let us know everything one needs to know about the Doji candlestick when trading and investing in the Market. Doji candlestick can help traders, and even investors, to a large extent, can help identify trend reversal points on chart patterns.
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