Candlestick Patterns Bullish Signals/ Doji during decline
( Southern Doji).
Market in a down pattern.
A session in which the opening and also closing rates are the same.
Market Effects: Prior bear trend can be losing energy.
Assistance: Not utilized as support.
Psychology: With the same open/close we get a visual hint that there is a balance in between supply and demand.
If a small actual body is almost a doji it can be considered as a Doji.
Doji usually work much better at calling top, rather than base, turnarounds.
See also Dragonfly and Gravestone Doji.
Opposite of Northern Doji.