$BTC WHAT YOU NEED TO KNOW ABOUT THE DOJI CANDLE 💥💥

What does the Doji candle indicate?

A gravestone doji candle is a pattern that stock technical traders use as a signal that the price of a stock may soon experience a bearish reversal. This pattern forms when the opening, low, and closing prices of an asset are close to each other and have a long upper shadow.

How to read the Doji candle?

The vertical line of the doji pattern is called the wick, while the horizontal line is the body. The wick can vary in length: the top represents the maximum price, and the bottom represents the minimum. The body represents the difference between the opening price and the closing price.

What happens after a Doji candle?

A Doji candle that appears after a significant trend may indicate a potential reversal, as the momentum has waned.