[notouch]

The position of the doji relative to earlier candles is all important. In a range bound market a doji means very little but a doji star at the top of an uptrend that gaps higher and then the following day gaps lower and closes lower is ultra bearish. We had a couple of dojis at the top the recent up trend in the US indices but at the same time we had lots of dojis on the way up that didn't lead to any reversal. Daily dojis are better signals in the forex markets I find.