Doji candlestick patterns for beginner traders

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What is Doji candlestick patterns?

Doji candlestick patterns are common and available patterns in the forex trading platform. It's a reversal candlestick pattern. The starting price and closing price of the Doji candle are the same but such an ideal doji is not always seen. An ideal Doji carries a lot of importance for the forex trader. We find many kinds of doji in the forex trading platform. Such as neutral doji, dragonfly doji, long-legged doji, and gravestone doji. Many people call the Dragon Fly Doji by the name of T Doji because it looks exactly like the English T letter.
Doji candlestick patterns
Doji candlestick patterns

Why make a Doji Candle?

Buyer and seller fight for capture market price themselves but nobody win or defeat, then make a doji candle. At this time the number of sell or buy positions are equal.

Symptoms of an ideal doji candle or neutral candlestick

Doji candlestick
Neutral doji


  • It has no real body.
  • It looks like a plus sign.
  • It's also called cross doji.
  • Neutral Doji is a continuation pattern.
  • Ideally, the opening price and closing price both the same for a neutral Doji but this doesn't always happen. If the opening price and closing price are the same, the Neutral Doji's have a greater importance.
  • Color doesn't matter.
  • increasing price is equal to decreasing price from opening price
  • Neutral Doji is real Doji

Symptoms of long-legged doji candle

doji candlestick
Long-legged Doji


  • The Long-Leged Doji has a long upper shadow and lower shadow.
  • The opening price and closing price are the same.
  • It has no real body.

Symptoms of gravestone doji candlestick

Gravestone Doji
Gravestone Doji


  • Gravestone Doji is a clear reversal pattern.
  • It appears near a resistance zone of an uptrend top.
  • It looks like an inverted capital T letter.
  • The opening, closing and highest prices are the same.
  • It has no real body but a long upper shadow.
  • When a Gravestone Doji appears on top of an uptrend then traders and investors close their buy position because price moves up to down shortly.
  • It gives us a strong sell signal.
  • Its alternative name is bearish doji.
  • Bearish doji gives us a strong bearish signal

Symptoms of dragonfly doji candlestick

Dragonfly Doji
Dragonfly Doji


  • Dragonfly Doji is a clear bullish reversal pattern.
  • It appears near a support level of a downtrend bottom.
  • It looks like a Capital T letter
  • The opening, closing and highest prices are the same.
  • It has no real body but a long lower shadow.
  • When a Dragonfly Doji appears at bottom of a downtrend then traders and investors close their sell position because price moves down to up shortly
  • .It gives us a strong buy signal.
  • Its alternative name is bullish doji or T doji.
  • Bullish doji gives us a strong bullish signal

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