
Apart from the major candlestick formation discussed in Part 1 & Part 2, there is one more candlestick formation that is important in candlestick chart analysis: �Doji�.The following are some forms of Doji candlestick:1) DojiBasically, Doji is formed when the opening and closing prices are virtually equal. (The open and close ideally should be equal, but not necessarily). The length of the upper and lower shadows can vary. Hence, some doji can look like plus sign, a cross, or inverted cross.Doji represents indecision or tug-of-war between buyers and sellers. The stock was trading higher and lower than the opening level during the session,...