How to read Doji & High-Wave candles?
How to read Doji & High-Wave candles?
Doji and high wave candles is the topic we have missed to discuss so far, which we will be covering in this episode.
There are different types of doji formations.
Plain doji indicates balance and not imbalance in price and represents the indecision in the market. Same is applicable for Long Legged Doji as well, but in long legged doji, the zone formation is different.
In this case, we cannot include both the wicks together while drawing zones, as the wicks are too long. From a price action perspective, long legged doji also represents balance and not a good imbalance