GREY:MDCGF - Post by User
Post by
Indicatoron Feb 08, 2011 10:49pm
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Post# 18099056
Doji today + Chart
Doji today + Chart . . .Today a Doji was formed.This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.
A "long-legged" doji is a far more dramatic candle. It says that prices moved far higher on the day, but then profit taking kicked in. Typically, a very large upper shadow is left. A close below the midpoint of the candle shows a lot of weakness. Here's an example of a long-legged doji:
A "gravestone doji," as the name implies, is probably the most ominous candle of all. On that day, prices rallied, but could not stand the "altitude" they achieved. By the end of the day they came back and closed at the same level. Here's an example of a gravestone doji:
