doji
A "doji" is a candlestick pattern used in technical analysis of financial markets, particularly in stock trading and forex. It occurs when the opening and closing prices of an asset are nearly the same, resulting in a small body with long upper and lower shadows. This pattern indicates indecision among traders, as neither buyers nor sellers gain control.
Doji patterns can signal potential reversals in market trends. There are different types of doji, such as the gravestone doji and the dragonfly doji, each providing unique insights into market sentiment. Traders often look for doji formations in conjunction with other indicators to make informed decisions.