What Happens in Gold After a Reversal Doji Candle Pattern?
This reversal doji candle pattern appears at market turning points and warns of a possible trend reversal in the Trading market trend. Below is an example of this reversal doji candle pattern setup
Doji is a candlestick pattern setup with the same opening & closing price. There are different types of doji candle patterns that are formed on charts.
A doji candle is where price for a given time period closes almost at the same price. Doji candlesticks look like a cross, inverted cross or a + math sign.
This reversal doji candle pattern appears at market turning points & warns of a possible trend reversal in the market. Below is an example of this reversal doji candlestick pattern
What Happens in Gold After a Reversal Doji Candlestick Pattern?
Analysis of Doji Candle Pattern - All doji candles pattern setup explain indecision in the Trading market this is because at the top the buyers were in control, at the bottom the sellers were in control but none of them could gain control & at the close of the market the price closed unchanged at the same price as the opening price.
This doji candlestick pattern setup highlights that the overall price movement for that particular day was 0 pips or just a minimum range of 1 to 3 pips. Reading these candles setups require very small pip movement between the opening price and closing price.
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