After a long uptrend, the appearance of the doji can be a frightening warning sign that this trend has peaked or is close to peaking. A doji is a balance between supply and demand, tug of war that neither the bulls nor the bears win. In the case of the uptrend, the bulls have by definition won previous battles of prices moving higher. Now, the results of the latest calculation is questionable. Meanwhile, after a long downtrend, the opposite is true. Bears are victorious in previous battles, forcing prices down. Now the bulls find the courage to buy and the tide may be ready to turn.
read more Doji types
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Sunday, August 21, 2011
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