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4.6 Doji candle explained

The doji candle is a significant candle when analysing pattern reversals. A doji candle isn’t a reversal candle by itself but it surely does symbolize an equilibrium between consumers and sellers. which means that the open and the close are at equivalent levels and therefore, the market does not be aware of which way to go. To get an concept about the route by which the market might be heading soon, we need to analyse the confirmation candles that appear after the doji. for instance, a robust white candle that seems after a doji on the bottom of a down-pattern may suggest that the pattern is prone to reverse in the upward course.

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