Doji

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The doji is a warning sign of a pending reversal. The lack of a real body conveys a sense of indecision or tug-of-war between buyers and sellers and the balance of power may be shifting. The open and close are pretty much equal. The length of the upper and lower shadows can vary and the resulting candlestick looks like a cross, inverted cross or plus sign.

Image:doji.gif

School of Pipsology

Forex Training: Learn more about Japanese Candlesticks and Candlestick Patterns.

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