Then they say, well nothing I post, is going to influence the share price
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Sentiment is a powerful thing.
Doji candles in charting, were "basically" created to measure it, is my understanding..
In its purest form, at least..
Agree that sentiment is powerful.
See, you do know charting
Correct....doji have several diff variations but are all quite revealing.
I snipped a quick chart again to look at last couple days bars for example.
Yesterday was what some call a morning star. Little doji cross. Easier to see when using OHLC bars the price opens gets pushed up or down then the opposite way then closes where it opened. Indicates the tussle between bears & bulls.
Today's bar is a dragonfly doji, of sorts. Has a very little tail but still some indecision style bar.
A strong dragonfly has a long tail and again price opens, gets pushed down immediately by bears then bulls push back up to close where opened. A longer tail indicates the bulls had some strength to push back up.
These ones form near bottoms, in downtrends but also in ranging or congestion areas etc. Can see some others left when in that short ranging.
When they form at highs or uptrends then you get evening stars or gravestone doji (upside down dragonfly).
Anyway, they overall indicate indecision, congestion or battles between bulls n bears. Can be a precursor to reversals at times. B nice to see the bulls rise to the occasion though.
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