Doji Candlestick Pattern: What It Means and What the Data Says
A doji is a candle where the stock closes almost exactly where it opened. The body is just a thin line, sometimes with long wicks above and below. It’s usually described as indecision: buyers and sellers fought all day and ended up back where they started. It’s also the most common named pattern there is. Our scanner found 57,502 of them across 559 US stocks and ETFs in three years, about one in every seven trading days. That makes it a good test of whether “indecision” tells you anything. ...