Home Daily Screener Doji Screener
Doji Screener E-mail

Take a look of our daily scan results on DOJI and the type of DOJIs here.

Doji is a name of candlestick in Japanese Candlestick charting. Doji is one of the many types of patterns that give implication to the future price actions. Doji simply means a formation in which the open and closing price are at the same level or very close to the same level.

 

Take a look of our daily RSI scan results    arrow

Doji Daily Screener

There are many types of Doji Candlesticks but in the page, we are going to take a look of Morning & Evening Star and Morning and Evening Doji Star.

Morning Doji Star - Bullish
This is a major bottom reversal pattern on a Japanese Candlestick chart; the first day is a downtrend with a long red real body. The second day open lower with a small trading range - A Doji. The third day is a green candlestick that closes above the midpoint of the first day's real body.

Morning Doji Star

Evening Doji Star - Bearish
This is a major top reversal pattern on a Japanese Candlestick chart; the first day is a long green body. The second day open higher with a small trading range - A Doji. The third day is a red candlestick that closes below the midpoint of the first day's real body.

Evening Doji Star

Morning Star - Bullish
Morning Star is a 3-candlestick formation that signals a major bottom. The first day is a downtrend with a long red real body. The second day gap lower with a small real body to form a star, and the third day is a green candlestick that closes above the midpoint of the first day's real body. It is quite similar to Morning Doji Star except for the second day's body is wider, can be red or green.

Morning Star

Evening Star - Bearish
Evening Star is a 3-candlestick formation that signals a major top. The first day is an uptrend with a long green real body. The second day gap upper with a small real body to form a star, and the third day is a red candlestick that closes below the midpoint of the first day's real body. It is quite similar to Evening Doji Star except for the second day's body is wider, can be red or green.

Doji Star
In Doji-Trader blog, we scan for more than 6000 stock symbols in the NYSE and NASDQA for RSI overbought and oversold condition, level 30 and 70 crossovers. You can visit our blog at http://doji-trader.blogspot.com/.

Even though the reliability of the candlesticks formation are very high but you have to take note that if the Doji is formed in the early stage of an uptrend or downtrend, it's unlikely that the Doji will mark a top or bottom, it is likely to signify a pause instead of an reversal.

 

Caution: Every strategy has its drawbacks and this one is definitely no excaption and we strongly advice you to combine this strategy with other technical analysis to determine a strong and valid entry point.