Types of Basics Candlestick Patterns

Candlestick Patterns:- Doji,Engulfing,Harami,Kicker,Dark Cloud Cover,Piercing,Shooting Star,Hammer,Hanging Man,Morning Star,Evening Star.

Study of Doji Candlestick Patterns.

Doji:- Doji is a candle in which the opening and closing price is the same.
1.Opening and closing price of doji will be same/near.
2.Doji act a reversal pattern.
3.Trade doji only after confirmation.
4.Bearish reversal: gravestone doji, doji at top.
5.Bullish reversal: dragon fly doji.

Characteristics.
Open & Close are the same price.
The shadow is not long.

Notes.
Previous day gaps create a stronger signal.
If the day before is a “long” candle the reversal is more pronounced.
Large volume the day of the doji increases the chances of reversal.

Types of Doji Candlestick patterns.

Neutral Doji

Neutral Doji

Gravestone Doji

Gravestone Doji

Dragonfly Doji

Dragonfly Doji

Long-legged Doji

Long-legged Doji

What is Gravestone Doji Candlestick Patterns?

A Gravestone comes when the open, low, and close are all the same and the high makes a long upper shadow. This can happen when buyers are in the driver’s seat for the trading period but sellers come back at the end. Just like the dragonfly, the gravestone’s potential for indicating a reversal will depend on the prevailing trend.
Candlestick Patterns
Characteristic.
1.Uptrend.
2.Long Upper shadow.
3.Small to no lower shadow.
4.Close approximately the same as Open.

What Is Dragon Fly Doji Candlestick Patterns?

A dragonfly makes a session where the open, high, and close are all the same and the low forms a long lower shadow. This can be a sigh that sellers were in charge for the trading session, but at the end of it, buyers came back. A dragonfly can indicate a bullish reversal in a downtrend or a bearish reversal in an uptrend.
DragonFly Doji

Characteristics.
Downtrend.
Long Lower Shadow.
Small to no Upper Shadow.
Close approximately.
Close approximately the same as open

What Is Long Legged Doji?

This kind of doji has very long upper and lower shadow or very long legs. This is very important doji at tops. if the opening and closing price or the real body is near the center the line is referred to as rickshaw man. To the Japanese, a very long upper body or lower shadow represent a candlestick that has lost its sense of direction.

Long-legged Doji

Types of Long Legged Doji.

Bullish Long Legged Doji Pattern.Characteristics.
1.Market is on a downtrend and in a bearish mood.
2.Then there is a Doji that gaps in the downtrend direction.
3.The body is a horizontal line (or it is significantly small).
4.Both the upper and lower shadow are long and of almost equal length.

Bearish Long Legged Doji Pattern.Characteristics.
1.Market is on a uptrend and in a bullish mood.
2.Then there is a Doji that gaps in the uptrend direction.
3.The body is a horizontal line (or it is significantly small).
4.Both the upper and lower shadow are long and of almost equal length.

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