These are my favorite kind of candles (I mean other than the really, really big ones where I’m in the trade and it’s going in my direction). 😉 Fun fact: Doji means “mistake” or “blunder” in Japanese, signifying how uncommon it is that the opening and closing price of the candle would be the same.
How to Spot Reversals with Candlesticks
Look at this beautiful specimen… 😆
Right Back Where We Started
The bulls just couldn’t sustain the upward momentum after the open and we ended up right back where we started….