After a bounce earlier in the week off of the 50% retracement, we saw some indecision by the market noted by the highlighted DOJI candlestick formation. Today has opened up starting lower and I think it continues.
Doji bars are one of the single most useful single bar patterns that any trader can identify. They can be used for entries, exits, or to determine position bias. “Doji” is a term used by Japanese candlestick chartists that refer to a bar where the open and close of a bar are in close approximation to each other.