I Doji
We reviewed the charts in previous articles, very useful tools to perform analysis in the Forex market.
Among the most representative graphs we have seen the chart Candlestick, where trends are represented by colored bars called candles, which show the maximum and minimum of the title / index / currency examined. It may happen that the central body has no magnitude, or the value of opening and closing match, in which case we are dealing with a candle called Doji. Basically, a Doji represents a phase of indecision in the market, but can take on different meanings depending on the context in which it is.
Although it is the end of a trend, it can be a strong indication of reversal
There are different types of Doji, depending on the position of the shadow than the central body: Doji Star, Long-legged Doji, Gravestone Doji, Dragonfly Doji.
We will examine in detail these various types of figures.
Tags: currency, The FOREX market