@cryptotrading_insights: Doji Explained: Types, Trading Tips & Best Ones | Which Doji Works Best in Trading? What is a Doji Candlestick? A Doji is a candlestick pattern that forms when a market's opening and closing prices are nearly the same. It looks like a cross or plus sign and signals indecision in the market. Neither buyers nor sellers have full control. ● Types of Doji Candlesticks 1. Standard Doji Small or no body, with equal upper and lower shadows. Indicates strong indecision. 2. Long-Legged Doji Long wicks on both ends, showing high volatility. Signals strong tug-of-war between buyers and sellers. 3. Gravestone Doji Open and close at the bottom of the range with a long upper wick. Bearish signal, especially after an uptrend. 4. Dragonfly Doji Open and close at the top of the range with a long lower wick. Bullish signal, especially after a downtrend. 5. Four Price Doji Open, high, low, and close are the same. Very rare. Total market indecision, often in illiquid markets. ● How to Trade Doji Patterns Confirm with the next candle: Never trade based on the Doji alone. Wait for the next candle to confirm the direction (bullish or bearish). Support/Resistance zones: A Doji near a strong support or resistance level adds weight to its signal. Use with indicators: Combine Doji with RSI, MACD, or moving averages for better accuracy. ● Which Doji Works Best? Gravestone Doji (after an uptrend) and Dragonfly Doji (after a downtrend) are the most reliable. Their long wicks show strong rejection and potential reversal. Still, always wait for confirmation! doji candlestick types of doji how to trade doji doji trading strategy dragonfly doji gravestone doji candlestick patterns price action trading technical analysis reversal patterns bullish doji bearish doji candlestick chart forex candlestick stock trading basics #DojiCandlestick #CandlestickPatterns #TradingTips #LearnTrading #TechnicalAnalysis #ForexEducation #PriceAction #ChartPatterns #StockMarketTips #CryptoEducation #BullishSignals #BearishSignals #TradingBasics #ReversalPattern #CandlestickChart #TradingForBeginners #ForexLearning #SmartTrading #TradingMindset #DayTradingTips

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Tuesday 20 May 2025 16:24:22 GMT