Glossary / Candlesticks

Doji

An educational concept. Not a signal, not a strategy, and not a trade Josh has taken.

A row of sculptural candlesticks: solid teal up candles and translucent red down candles, with wicks and no prices.
Illustration of the idea, not a market chart and not a result.

A candle whose open and close are equal or nearly equal, leaving a very small body. It shows indecision for that period.

How traders use it: After a strong trend into a level, a doji can mark hesitation; traders wait for the next candle to show which side wins.

Common mistake: Treating a doji as a reversal signal on its own. Dojis are common in quiet periods and mean little there.

Related: Long-legged doji · Dragonfly doji · Gravestone doji · Spinning top

See this term in the full glossary · All terms

Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.