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🔥 What is the Doji?

The Doji is one of the most interesting Japanese candlestick patterns, indicating **equal buying and selling power** in the market. This pattern appears when the opening and closing prices are very close or equal, forming a small or nonexistent body with long shadows (wicks).

📈 Psychological implications for the market:

- Anticipation and fluctuation: The Doji shows that traders are in severe confusion, and neither side (buyers or sellers) can control the price.

- Potential reversal signal: Especially if it appears after a strong uptrend or downtrend, it may herald a change in direction!

🎯 The most powerful types of Doji:

1. Gravestone Doji: Long upper shadow, indicating a bearish reversal after an uptrend.

2. Dragonfly Doji: Long lower shadow, indicating a bullish reversal after a downtrend$PEPE $MASK $DOGE #candlestick_patterns #candlestick #CandlestickWisdom #CandlestickPower