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Doji

The Doji and Spinning Top can be easily eyed because they are such small candle patterns in comparison to your average candle. A Doji looks like a plus sign that one would see in math "+". It's open and close are at (or about) the same levels. The Spinning Top has the same "indecision" meaning in the market yet its open and close vary enough to form a body but the body is very small. Both of these candle patterns mean the exact same thing. Every doji/spinning top doesn’t mean something. Sometimes they just represent the market taking a breather. However, when they are at crucial points of support/resistance or trends lines, they should be taken very seriously. The market is making important decisions at those points and makes these more noteworthy.

Chart Example



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The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.