How to deal with doji candlestick patterns?

<p id="isPasted">The relevance of a Doji depends on the preceding trend or preceding candlesticks. After an advance or long white candlestick, a Doji signals that the buying pressure is starting to weaken. After a decline or long black candlestick, a Doji signals that selling pressure is starting to diminish. Doji indicates that the forces of supply and demand are becoming more evenly matched and a change in trend may be near. Doji alone is not enough to mark a reversal and further confirmation may be warranted.&nbsp;</p><p>After an advance or long white candlestick, a Doji signals that buying pressure may be diminishing and the uptrend could be nearing an end. Whereas security can decline simply from a lack of buyers, continued buying pressure is required to sustain an uptrend. Therefore, a Doji may be more significant after an uptrend or long white candlestick. Even after the Doji forms, further downside is required for bearish confirmation. This may come as a gap down, long black candlestick, or decline below the long white candlestick's open. After a long white candlestick and Doji, forex traders should be on the alert for a potential evening Doji star.&nbsp;</p><p>After a decline or long black candlestick, a Doji indicates that selling pressure may be diminishing and the downtrend could be nearing an end. Even though the bears are starting to lose control of the decline, further strength is required to confirm any reversal. Bullish confirmation could come from a gap-up, a long white candlestick, or an advance above the long black candlestick's open. After a long black candlestick and Doji, traders should be on the alert for a potential morning Doji star.</p>

<p id="isPasted">Dealing with Doji Candlestick Patterns:</p><p><strong>1. Identify the type:</strong></p><ul><li><p>Long-legged: the strong battle between buyers and sellers.</p></li><li><p>Gravestone: sellers dominated, but buyers prevented a large decline.</p></li><li><p>Dragonfly: buyers dominated, but sellers prevented a large increase.</p></li><li><p>Four-price: complete indecision.</p></li></ul><p><strong>2. Consider the context:</strong></p><ul><li><p>Doji after a strong uptrend might signal a potential reversal.</p></li><li><p>Doji after consolidation might signal continuation.</p></li></ul><p><strong>3. Look for confirmation:</strong></p><ul><li><p>Use other technical indicators (volume, momentum, moving averages).</p></li></ul><p><strong>4. Use risk management:</strong></p><ul><li><p>Stop-loss orders to limit losses.</p></li><li><p>Take profits when you have them.</p></li></ul><p><strong>Remember:</strong></p><ul><li><p>Do not trade solely on doji patterns.</p></li><li><p>Be patient and wait for confirmation.</p></li><li><p>Use a combination of indicators.</p></li><li><p>Manage your risk carefully.</p></li></ul>