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Definition

 

Neutral Four Price Doji is a single candle. Its body is a horizontal line and has no shadows.

  • Trend: Neutral
  • Expected trend: Neutral
  • Previous trend: Neutral
  • Reliability: Low
  • Type: Neutral
  • Number: 1

Recognition

  • The candle’s body is a horizontal line.
  • It has neither top, nor lower shadow.
  • The opening, closing, maximum, and minimum prices are the same.

Interpretation

Neutral Four Price Doji is a very rare formation. It reflects the market participants’ uncertainty. It usually appears for shares with low trading volume.

Important factors

Neutral Four Price Doji has a low reliability. It only reflects the trading of one day and shows the uncertainty on the market. It usually signals a trend reversal and is recommended to be examined together with other candles. The signal should be only taken seriously on markets with no frequent Doji candlesticks.