Four Price Doji

Four Price Doji formation identified when the length of the candlestick body is equal to or not or very short, there is no upper shadow (if available then its size is very short) and there is no lower shadow (if available then its size is very short).
Although doji pattern like this is rare enough, but this pattern clearly reflects the total hesitancy condition and uncertainty that happen in the market that gives rise to the potential for the direction of trend reversal.
However, we must be extra careful in dealing with the emergence of this formation, because of the emergence of this pattern could have occurred because the object being analyzed is very illiquid. Moreover, first make sure the data source you used, as this formation can also occur due to an error of retrieving/sending of data.
Because the four price doji reflects the hesitancy condition that emerge in the market, then it can be concluded that this formation would reflect potential bullish trend if its emergence is preceded by a downward trend and on the contrary this formation would indicate the chance of the emergence of bearish trend if preceded by uptrend.

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