What is a Doji candle

What is a Doji candle is a crucial indicator in technical analysis, characterized by its small body and long wicks. Indicating market indecision or equilibrium between buyers and sellers. This candlestick pattern often occurs when the opening and closing prices are nearly identical. Forming a cross or a plus sign. Doji candles signal potential reversals or trend continuations depending on their placement. Within a price chart and the preceding price action. Traders use Doji candles to identify potential turning points in the market. Especially at key support and resistance levels. By paying attention to the context in which Doji candles form and considering other technical indicators, traders can make more informed trading decisions. Understanding the significance of Doji candles is essential for traders to interpret market sentiment accurately and enhance the effectiveness of their trading strategies.