Sentences with phrase «doji as»

Also, no bearish confirmation candle occurred to support the gravestone doji as an entry signal.

Note: We're not taking the long - tailed doji as an entry signal.

To trade the dragonfly doji as an entry trigger, you would go through the same steps, except you would wait for a dragonfly doji to appear after a downtrend, and you would wait for a bullish confirming candlestick.

Not exact matches

In fact, some traders, including Steve Nison, trade this pattern as they would trade a doji.

The dragonfly and gravestone dojis can also be used as entry triggers on their own, although this is not typically done.

Such a candlestick is known as a doji.

For instance, a dragonfly doji that appears after a downtrend (as shown above) is bullish.

The fact that this formation followed a spinning top makes it more potent, as spinning tops and dojis signify neutrality in the market.

Bulls lost control as the second candle became a doji formation.

On their own, doji are not much help in making sound, high probability trading decisions — as is the case with any single indicator.

This is mainly due to the fact that even if a doji does signal the beginning of a price swing reversal, it will not give any indication as to how far the reversal my go or how long it may last.

Long - legged doji represent a more significant amount of indecision as neither buyers nor sellers take control.

It is same as Western island top or bottom in which the island session is also a doji.

Without having identified those two components in advance a doji, as is the case with any other solo indicator, is nothing more than a coin - toss in terms of determining probabilities.

The above chart shows a bearish doji reversal, as represented by Monday's inverted bearish «hammer» pattern (also known as a shooting star) and Tuesday's negative follow - through (drop below $ 11,000)- all of which suggests the tables have turned in favor of the bears.

NEOUSD TECHNICAL ANALYSIS Yesterday's candlestick closed as a doji in the sense that there was clear buying pressure after that long lower wick.

A short - term top is in place at $ 3.3170 (Jan. 4 high) as indicated by the bearish doji reversal (Thursday's doji candle and a bearish follow - through on Friday).

A bearish doji reversal occurs when the doji candle is followed by a big red candle, as seen on the above chart, and indicates a bullish - to - bearish trend change.

View A positive close (as per UTC) today, preferably above $ 11,370 (yesterday's doji candle high), would confirm a bullish doji reversal and open doors for $ 13,000.

EOS witnessed a bullish doji reversal this week and clocked a weekly high of $ 7.28, as per Bitfinex data.