Doji Candlestick Patterns
Doji candlestick patterns that develop at the bottom of downtrends are bullish reversal candlestick patterns and are also referred to as Southern Doji candlestick patterns. Doji candlestick patterns that develop at the top of uptrends are bearish reversal candlestick patterns and are also referred to as Northern Doji candlestick patterns.
Most Doji candlestick patterns are easy to identify on a stock chart because they have very small real bodies and at least one long shadow (either the upper or lower shadow) if not two long shadows (both its upper and lower shadow).
It is a good thing that most Doji candlestick patterns are easily identified by their small real bodies since Doji typically represent very strong trend reversal signals. Relatively quick trading action is necessary after Doji Candlestick Patterns develop on charts.
Because of the significance of Doji candlestick patterns and their ability to identify major changes in trends, knowing the support and resistance for the different Doji candlestick patterns will increase your trading successes tenfold.
It is imperative that you spend the time and become familiar enough that you have a working knowledge of their support and resistance areas.
Let's start by first separating Doji candlestick patterns between bullish and bearish candlestick patterns.
Northern Doji Candlestick Patterns
Northern Doji candlestick patterns are bearish reversal candlestick patterns. A Northern Doji candlestick pattern develops at the top of an uptrend, or the "north" end of a chart. There are several different types of Northern Doji candlestick patterns.
Southern Doji Candlestick Patterns
Southern Doji candlestick patterns are bullish reversal candlestick patterns. A Southern Doji candlestick pattern develops at the bottom of a downtrend, or the "south" end of a chart. There are several different types of Southern Doji candlestick patterns.
Listed below are the requirements for most Doji candlestick patterns......
If you are interested in reading more about Doji candlestick patterns, you must first login. Trendy Stock Chart members can access the characteristics, support and resistance areas and trading strategies for all the different types of Doji candlesticks.
If you are not a Trendy Stock Charts member, consider subscribing today. There are several different subscription plans available.