Doji candles.

Dojis are one of the most famous combinations, either it’s in the name, or they appear quite often on the charts of currency pairs, or perhaps the reason lies in their appearance and diversity.
Doji is a graphic figure in which the body is almost completely absent, this is precisely their distinctive feature. The absence of a body means that the closing price almost coincides with the opening price, that is, during this period of time the price has practically not changed.

There are quite a few Doji variations, the main difference being the length of the shadow and its relationship to the current trend.

A long-legged Doji has a lower shadow that significantly exceeds the upper shadow, indicating greater bearish activity and attempts to push the current price down.

A dragonfly Doji has no upper shadow, indicating weak buying activity in the current timeframe , but despite this, the price has still returned to its opening level.

A gravestone candlestick with a long upper shadow and no lower shadow indicates bulls are attempting to push the price up, albeit only temporarily. It is a good buy signal if the price is near a support level.

A four-price Doji is a unique candlestick variation in which the low and high almost coincide with the opening and closing prices. This means the candlestick has a small body and no shadows. This variation indicates a flat market in the Forex market , with quotes remaining virtually unchanged.

There are quite a few Doji candlesticks, so we'll cover some of them in future articles. Other names for these candlesticks may also exist.

Dojis characterize the market situation as indecisive, therefore they are a warning signal, upon receipt of which one should re-analyze the market situation or postpone the transaction altogether.