Doji is not just a candle with matching opening and closing prices but the embodiment of an intense internal struggle between buyers and sellers where neither side truly controls the situation
๐น When a Doji appears after a strong bull run it signals that bullish momentum has started to weaken and the confidence to push prices higher is being shaken by hidden profit taking pressure
๐ธ This is the most dangerous psychological trough where both sides are holding their breath watching every tick of the opponent's move before launching the next decisive blow to determine the new trend
๐น Don't rush to enter immediately upon seeing a Doji because it only represents hesitation not reversal but if the next candle is a long red body breaking the Doji lowest low that is the starting gun confirming buyers have completely given up
๐ธ Be highly alert to the smallness of a Doji because that tight compression within a narrow range is the seed for the market's most terrible volatility explosions right after
Do you usually choose to take early profits when seeing a Doji for safety or risk holding the position to wait for clear confirmation signal?
This article is for reference only, this is not investment advice. Please read and consider carefully before making a decision.
