Candlestick Patterns
Resources for Advanced Trading

Candlestick Doji Line Pattern
Potential Reversal, Top or Bottom

Candlestick Patterns

The Doji patterns are essentially a group of pattern types. Dojis are essentially small "bodied" candles - smaller than other bars relative to the location of the doji. For example, if a small bodied bar formed, I would consider it a "doji type"

Because dojis often have a body range (where the open price does not equal the close price), there will often be white or black doji bars. Color is not important in the formation of a doji bar. A black doji is no different than a white doji - in regards to the pattern type.

The other type of doji pattern is called the "doji cross" or "true doji". This is when the open price EQUALS the close price.

The "Body" of the Doji pattern is oftem support and resistance. I've found these to be a better indication of actual support/resistance than any other candlestick pattern. If you get multiple doji's in a row, try to average the body levels to find support and resistance.

Notice: Investors should continually watch for Dojis and the Umbrella group of candles. These candle types will typically precede a major market reversal. In fact, many investors have told me these types of candles are some of the most important candle types for investors to use.

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