Wednesday, August 24, 2011

how to use doji

Historical map of Cree Inc (Cree) below illustrates the three types of dojis: Common Dragonfly and long legs. Candle labeled number "1" Dragonfly doji. It happened early in the uptrend and just as four days moving average was bullishly crossing over nine days. Prices moved higher from there. Three days later (the number "2") common doji happen. Again, prices were in the middle band of Bollinger. The four day moving average just crossed bullishly over 18 days. This doji marked a break in the uptrend.


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