When a Doji candlestick appears, both sellers and buyers do not take advantage of controlling the price. The appearance of Doji signifies the stagnation of the market.

There are 4 types of Doji candlestick that you often come across: Neutral Doji, Long-Legged Doji, Dragonfly Doji, Gravestone Doji.

Neutral Doji looks like a plus mark “+”. It shows that when the candlestick is formed. The price does not increase or decrease remarkably.

Long-Legged Doji is contrary to Neutral Doji. When Long-Legged Doji is formed, the price fluctuates significantly. However, the opening price is equal to the closing price.

Dragonfly Doji looks like the letter “T”. It has a long lower shadow. Opening price and closing price are equal to the highest price during the time the candlestick is formed.

Gravestone Doji is contrary to Dragonfly Doji. Opening price and closing price are equal to the lowest price during the time the candlestick is formed.