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ForeXecutor Doji
ForeXecutor Doji
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As introduced in the Candlestick Terminology Blog, the  Doji generally describes a candle that has an opening very near the closing price. Doji is a sort of catch term for several different candles. It’s similar to the term SUV. It describes a specific type of vehicle, but not all SUV’s are the same. Below you will find several of the forms that Doji’s take.  The general idea is to consider what the candle is saying about the current price action. Indecision is the key term here. When a candle opens and moves in one direction long enough to create a long shadow or tail, but moves back to it’s opening position, the players that moved price are not able to hold onto their gains.  In the above candle, price opened, near the center of the candle. When the bar opened we didn’t know it would be the center, but it turns out to be. At one point, both buyers and sellers took control of price action. Buyers moved price’s to the candle’s high’s, and sellers took price’s to it’s the lows. Neither one however was able to take control, ands in the end, price closed very near the bar’s opening price. The same thought process could be applied to almost all Doji formations.
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