If you want to be a successful investor in stock trading market or earn money from forex currency trading, then Doji Candlestick Pattern is one of the basic candlestick charts you have to know.

Doji candlestick pattern is a simple pattern that is very easy to recognize. The pair is heading for the close near its open level, forming a Doji candlestick pattern. Basically, Doji pattern can be a horizontal line crossing at or near the center of the vertical wick and have no candle body.

Normally Doji patterns have either upper or lower wicks. A chart pattern with the horizontal bar at the top is Dragonfly doji which is formed when the opening and closing price are same as the highest price of the day. It signals the bears had been in control of the market at the start.

The bearish equivalent to the Dragonfly doji is the Gravestone doji. Gravestone Doji is forming when the opening and closing price are same as the lowest price of the day. This pattern is a good sell indicator as signals the start of a prolonged downtrend in the market.

A Doji of any pattern is telling that the market is about to turn and a trend may be reversing. It is a signal that the battles between bulls and bear have been equal. However, it is highly recommended investors learn more candlestick chart patterns as it is typically more useful when read in combination with other surrounding candles.

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