NeutralSingle CandleCh. 9

Standard Doji

The open and the close are equal or nearly equal. Neither buyers nor sellers won the session — the market is undecided.

Where it matters

A Doji after a long trend, or at support or resistance, can be an early sign that the trend is tiring.

The pattern in context
Standard Doji: A Doji after a long trend, or at support or resistance, can be an early sign that the trend is tiring.ResistanceConfirm

Faded candles are the trend before it, the band is the pattern, the dashed line is the level it formed at, and ✓ marks the confirming candle.

How to read it

  1. 01

    How it forms

    Price moves in both directions during the session but closes at or near the opening price.

  2. 02

    Where it matters

    A Doji after a long trend, or at support or resistance, can be an early sign that the trend is tiring.

  3. 03

    What confirms it

    A Doji is not a signal by itself. The candle that follows shows which side takes control.

  4. 04

    Where the idea is wrong

    There is no direction to invalidate yet. Its high and low become the levels to watch.

  5. 05

    What volume should do

    Usually lower volume. A Doji on unusually high volume at a turning point deserves closer attention.

  6. 06

    Common mistake

    Acting on the Doji alone instead of waiting for the next candle.

From the book

Read the full chapter in the book.

Chapter 9 of Trading Candlestick Patterns explains the Standard Doji with real Indian market charts, volume context and stop-loss placement.

Trading Candlestick Patterns by Rohit Singh

Educational content only. A pattern describes what buyers and sellers did; it does not predict what price will do next. Not investment advice or a buy, sell or hold recommendation.