Candlestick - Doji Introduction

Japanese candlestick pattern has been around for centuries and many traders use it to trade in Stocks, Forex as well as commodities.

Candlestick uses the opening price, closing price, high price and low price to form a chart pattern. Black candle is formed when the opening price is higher than the closing price and White candle is formed when the opening price is less than the closing price.

Apart from the simple black and white candle, there are other patterns that tell a trader what is happening in the market.

In this blog, I will focus on the Doji pattern and how it can be used for trading. I will also provide a list of stocks traded in the Malaysia Stock Exchange that made the Doji pattern.

My definition of Doji is as follows: