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| | | Over the past couple of weeks, we learned what candlesticks are, what candlestick charts look like, and what are some basic candlestick chart patterns that you'll find. This week, we're going to start looking at some advanced candlestick patterns. In a candlestick chart, you might find some crosses. These crosses are called doji and they can either signify a trend ending or a trend continuing. Let's read on. | | What is a Doji? | | A doji is a name for the type of candlestick in which a security has virtually the same opening and closing price. Common doji candlesticks look like a cross or a plus sign. The generally signal a reversal pattern for technical analysts. | | You will find three types of doji on a candlestick chart, but right now, let's just go over where you can find doji on a candlestick chart. | | Bearish Harami Cross | | A bearish harami cross happens when there is an uptrend. As you can see in the photo below, there are up candles before the doji. This can indicate that if the price goes up, there may still be an uptrend. However, if the price goes down, the cross may represent the beginning of a downtrend. | | 
| | Bullish Harami Cross | | A bullish harami cross happens during a downtrend. In the photo below, you can see three down candles followed by a doji. Like the bearish harami cross, this doji can represent the beginning of an uptrend or just continue a downtrend in the chart. | | 
| | Next week, we're going to start looking at lines and what they mean in candlestick charts. So keep an eye on your inbox and stay subscribed to keep getting emails from us! | | | | | | |
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