Market Terms

We don't know everything about the markets.  We're just devoted to learners.  Taken from those smarter than ourselves, here's how we define Dojis.

A doji candlestick forms when the open and close prices for a security are virtually equal for the defined time-frame.  This is frequently taken as a reversal pattern by technical analysts, indicating a change in the price of a security is imminent.  Alone, doji are considered a neutral pattern.  But when looked at in a broader context, they can be strong signals about future moves up or down.  Depending on where the open and close line is located, a doji is described as either gravestone (where the high is far above open/close price), long legged (where the open/close price is directly between the high and low prices), or dragonfly (where the low is far below the open/close price).