Candlestick Patterns
Resources for Advanced Trading

Candlestick True Doji Line Pattern

Candlestick Patterns

True Doji Lines are formed when the Opening price and the Closing price are EQUAL. It is often called a "Doji Cross". This is the truest form of a DOJI pattern and indicates a market congestion phase and a potential reversal.

When this type of candle is found after an up trend it is considered a potential TOP formation. When this type of candle is found after an down trend it is considered a potential BOTTOM formation

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.

Dojis are also great indicators of SUPPORT and RESISTANCE. Use the body level of the DOJIs as the support/resistance level.

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