Is the Doji candle #CreatorPad ?

A Doji candle forms when:

The opening price is approximately equal to the closing price.

It has an upper and lower shadow (sometimes long, sometimes short).

Its shape resembles a plus sign (+) or a cross.

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🔸 Types of Doji Candles:

type shape what does it mean?

Classic Doji + Neutral, market indecision between buying and selling.

Long-legged Doji + (with long shadows) Significant price volatility, unclear direction.

Dragonfly Doji Inverted T Strong buying pressure after a pullback, may indicate a bullish reversal.

Gravestone Doji T Strong selling pressure after a rise, may indicate a bearish reversal.

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🔹 Implications of the Doji Candle in Technical Analysis:

In an uptrend:

The appearance of the Doji may indicate that buyers are starting to lose control, and the likelihood of a bearish reversal.

In a downtrend:

The appearance of the Doji may indicate that sellers are weakening, and the likelihood of a bullish reversal.