✅What is this video about?
In the third episode of Technical Analysis series, we will go over the Doji Candle. A DOJI candle is a name for a session in which the candlestick for a security has an open and close that are virtually equal and are often components in patterns. Doji candlesticks look like a cross, inverted cross, or plus sign. Alone, doji are neutral patterns that are also featured in a number of important patterns.
A doji candlestick forms when a security’s open and close are virtually equal for the given time period and generally signals a reversal pattern for technical analysts. In Japanese, “doji” means blunder or mistake, referring to the rarity of having the open and close price be exactly the same.
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We are going to explore the world of day trading for beginners through many examples and graphical illustrations, and explanations simplified as much as possible. My goal for this video is to provide you with an overview of the biggest day trading ideas and get you to a point where you understand the concepts intuitively, and not just things you’ve memorized.
In this video, we will advance through the following sections
0:00 – Introduction
2:24 – What is a Doji Candle?
4:30 – Doji Candle on Ethereum
8:00 – Doji Candle on Stocks
10:55 – What is Long & Short?
13:40 – Doji Candle on Bitcoin
15:30 – 200 Daily Moving Average
20:22 – Reviewing Subscriber’s Charts
25:32 – Conclusion
✅KEY TAKEAWAYS
-A doji is a name for a session in which the candlestick for a security has an open and close that are virtually equal and are often components in patterns.
-Alone, doji are neutral patterns that are also featured in a number of important patterns.
-Doji formations come in three major types: gravestone, long-legged, and dragonfly.
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DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
