<br>While I do not claim to be the be all, end all of trading I do enjoy watching the patters develop, discussing them and hopefully inspiring others to learn. 

That said we have a pretty cool pattern in the works on the 1 hour. (Triple DOJI).



<center>![doji.png](https://steemitimages.com/DQmVN5eeahJWByoKnJz3GbSR9hKpGUZi9wEzdgkejMn3KDz/doji.png)</center>

Doji are basically candlesticks with a near identical opening and closing price and wicks either above, below or both. They can be called Rickshaw, Gravestone, Dragonfly etc based upon where the price opens and closes within the Doji.

What we have now (and this is my interpretation) is 3 Rickshaw men side by side following a long selling candle. Though not necessarily a tri-star as the center is not the highest, it could still be an extended morning star, though the second and third doji (Rickshaw men) make it iffy. 

Either way, 3 tight doji are somewhat rare and it caught my attention as I remember the same pattern on the hourly following the initial bull trap at $2950 during the recovery from the $3000 to $1700 fall last year. In that instance it occurred at $2640; though there were 5 in a row followed by a gap up and breach of $2700 on the way to $3200. 

Doji are not insignificant and usually  indicative of a large move one way or the other dependent upon the preceding trend. In this instance, the prior move was down on the hourly, so as a single doji is typically a short term reversal pattern, the three of them could be good for us. 

When they are this tight, with somewhat long wicks, they speak of extreme indecision in the market with both bears and bulls having control at different times during the period. Usually this indecision means folks are on the fence and just waiting for a solid push one way or the other to either get on board an upwards move or jump ship on a downwards move. 

You often find a single doji at the top of large moves up and they spell reversal, the same is true of moves down, though a dragonfly is better than a rickshaw following a downward move, but multiples side by side are a good sign of trend reversal. 

That said, 3 tight doji following a sell indicates indecision and often times a reversal,in this instance the reversal would be on the hourly and would be towards the buying side.


![doji2.png](https://steemitimages.com/DQmcymXNP2Au8pSi85zEJwEgGCqGLeEzvHwESC9KS9eBj4X/doji2.png)

On the two hour we had 2 Rickshaw men side by side and now have a Rickshaw and Spinning top; which is most often bullish. Though a spinning top is somewhat non conclusive and gets it name as nobody knows which way a spinning top will go once it starts spinning. Objectively the Spinning top could still turn into a hammer which would be very bullish. 


<center>![adoji.jpg](https://steemitimages.com/DQmP3xvjdJ8XvLGxxmTADp8EKQf2GAbsMujjR1q4yHApzNL/adoji.jpg)</center>
<center>Random Stolen Image showing an extended Morning Star </center>
<center>Bearish Candle, Dragon Fly, Tight Doji, 2 Hammers (Bull and Bear) then a move</center>



Related Articles to translate my trade jargon above.

<ul>
<li> https://www.investopedia.com/terms/t/tri-star.asp </li>
<li> https://www.investopedia.com/terms/r/rickshaw-man.asp </li>
<li> http://thepatternsite.com/MorningDojiStar.html#C2 </li>
<li> http://www.humbletraders.com/candlestick-patterns/ </li>
</ul>




<h2>I am open to suggestions or alternative theories as I love discussing candlestick patterns and using them as short term indicators of price direction to augment my intraday trading strategy.</h2>








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