Four Price Doji
Updated on March 20, 2023
A Four Price Doji is a unique candlestick pattern that appears on a price chart.
A Four Price Doji occurs when the key prices like the opening, high, low, and closing prices of an asset are the same or very close to each other. This results in a narrow vertical line on the chart. This pattern is considered a bullish reversal pattern and suggests that the market may be moving or converting from a downtrend to an uptrend.
How to find Four Price Doji?
To identify the Four Price Doji there needs to be a specific formation on a price chart meeting the following criteria
Open and close price are equal
The Four Price Doji is formed when the opening and closing price of an asset are the same which creates a small body in the middle of the candlestick.
Upper and lower shadow
The Four Price Doji also has long upper and lower shadows that indicate the high and low price range for the time period being analyzed.
The Four Price Doji signals indecision in the market as neither buyers nor sellers were able to push prices in a definite direction.