Doji candlestick pattern
A doji is a candle that opens and closes at almost the same price, so its body is a thin line between the wicks. It is the clearest picture of indecision on a chart.
How to spot a Doji
- The open and close are nearly equal, so the body is tiny or just a line.
- It can have wicks above, below or both. The wicks show how far each side pushed before the price came back.
- It matters most after a strong move, when a pause is notable.
Memory tip: Look for a body so thin it is almost a line.
What it usually means
Buyers and sellers fought to a draw. After a long rise or fall, that pause can come before a slowdown or reversal, but it can just as easily be a rest before the trend continues.
What traders wait for
Wait for the next candle. A strong close in one direction after the doji gives the pause a direction. A doji by itself does not.
Common mistakes
- Treating every doji as a reversal signal. In a quiet, sideways market they are everywhere and mean little.
- Ignoring the candles around it. Where the doji forms (after a trend, at a level) matters more than the shape.
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Play Candlr freeQuestions people ask
What is a Doji candlestick?
A doji is a candle that opens and closes at almost the same price, so its body is a thin line between the wicks. It is the clearest picture of indecision on a chart.
How do you spot a Doji?
The open and close are nearly equal, so the body is tiny or just a line. It can have wicks above, below or both. The wicks show how far each side pushed before the price came back. It matters most after a strong move, when a pause is notable.
Is a Doji bullish or bearish?
It is usually read as neutral (indecision). Buyers and sellers fought to a draw. After a long rise or fall, that pause can come before a slowdown or reversal, but it can just as easily be a rest before the trend continues.
Is a Doji reliable on its own?
No pattern is a guarantee. Wait for the next candle. A strong close in one direction after the doji gives the pause a direction. A doji by itself does not. Always decide your risk before you act, and treat patterns as clues, not predictions.
Related patterns
- Hammer A small body with a long lower wick after a drop. Sellers pushed price down but buyers pulled it back up.
- Inverted Hammer A small body with a long upper wick after a drop. Buyers are starting to test higher prices.
- Hanging Man Looks exactly like a hammer, but it appears after a rise. Sellers managed a big dip, a warning sign.
- Shooting Star A small body with a long upper wick after a rise. Buyers pushed price up but sellers rejected it.
Candlr is educational. Candlestick patterns describe what price did, they do not predict what it will do next, and nothing here is financial advice. Trading involves a high risk of loss.