Basiccandlestick

#Basiccandlestick _patterns

#Doji

Doji occur when a market’s opening and closing price for the period is roughly (or exactly) the same. Whatever the price action within the period, by the end the buyers and sellers will have cancelled each other out.

To spot a doji, look for a candlestick with a very thin body: usually less than 5% of the total range in that period.

You can then look at the wick to determine what type of doji it is:
If there is a log wick above the body, it's a gravestone dojiIf the wick extends beneath the body, it’s a dragonflyIf the wick is long on both sides, it's a long-legged dojiIf there is no wick at all, it's a four-price doji

A doji on its own doesn't necessarily tell you much. But when taken in context, they can be useful. 

Say, for example, that you spot a gravestone forming during an uptrend. The tall upper wick indicates that the bull run may have continued at the outset, but the thin body means that sellers took over before the session's end. A reversal could be on the cards.