Doji are neutral indicators that simply represent a “tie” in the never-ending battle between buyers (bulls) and sellers (bears). They form when the open and close of a candlestick are equal or very close to equal and are considered a neutral formation suggesting indecision between buyers and sellers—b ullish or bearish bias depends on previous price swing, or trend. Length of the upper and lower shadows (wicks and tails) may vary giving the appearance of a plus sign, cross, or inverted cross. Completed doji may help to either confirm, or negate, a potential significant high or low has occurred especially when found at support or resistance, after long trend or wide-ranging candlestick.

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