FX:XAUUSD   Gold / US-Dollar
137 0 8
Where do we go now? - (Axel Rose - Sweet Child)
Kommentar: LOOK a Doji! 4 candles before the Bull Flag!
Finding a Doji can tell a technical analyst key things about a market trend

Doji are considered a good sign of indecision in a market. Finding a doji with short and nearly identical shadow points suggests a neutral trading session. The market opened, had a small trading range, and then closed at the opening price. Neither bulls nor bears got the upper hand. Longer shadows show potentially greater indecision. They are neutral on their own, but paired with a trend, a doji can hint at a coming change.

Market participants looking for a reversal like to see Doji

Doji are like little battle scars of conflict. The trade had action but in the end no one won the day and the market closed pretty much where it started. If the market was on a bullish trend, this could be a signal that the bears were coming in. The opposite could be deduced if the market was in a bearish trend.

A technician’s reversal argument is simple. If the dominant trend were still in control, there wouldn’t have been a wrestling match for control. And there would have been a clear winner. Instead, the real body showed that the day was almost a wash.
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