Doji
A candle with virtually no real body — open and close are equal or near-equal — signalling market indecision.
A Doji forms when a session's open and close prices are essentially the same, leaving only wicks above and below. The near-zero body means neither buyers nor sellers won the period — the market is uncertain.
On its own a Doji is a pause, not a reversal. It becomes significant when it appears after an extended trend, at key support or resistance, or as the middle candle in a larger pattern like the Morning Star or Evening Star.
Variants (Dragonfly, Gravestone, Long-Legged) carry directional nuance depending on wick placement.
On the desk
After a five-week uptrend, a Doji forms right at the previous all-time high. Sellers are showing up in size; bulls are no longer pushing through cleanly. Traders watch the next candle for confirmation of a stall or reversal.