Doji candle (neutral)
It is a pattern consisting of a price candle whose body size is almost zero, meaning that the opening price and the closing price are at the same point or very close to each other, so that the candle has no body and the shadow is of different lengths.
A Doji candle represents a struggle between sellers and buyers without either party winning. A Doji candle alone is a neutral signal, but it is used with other patterns to form reversal patterns. When a Doji candle forms at the end of an uptrend or downtrend, it may mean a high probability that this trend will end.
Types of Doji Candle:
Long-legged Doji: It has a long upper and lower shadow.
Gravestone Doji: It has only an upper shadow with no lower shadow or a short lower shadow.
Dragonfly Doji: It has only a lower shadow with no upper shadow or a short upper shadow.
Four-price Doji: has no upper or lower shadow.
Marbuzu candle (reversal)
It is a price candle that consists of the candle body only, without an upper or lower shadow, and indicates the strength of the trend in the market, whether upward or downward, due to the control of sellers or buyers over the price movement.
For a bullish Marbuzu candlestick, the opening price is the same as the low and the closing price is the same as the high, while for a bearish Marbuzu candlestick, the opening price is the same as the high and the closing price is the same as the low. It is preferable to wait for confirmation of a reversal of the price movement to the upside or downside after the Marbuzu candlestick.
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