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US stock market · candlestick pattern

Doji on Alibaba

On Alibaba the doji showed up 141 times. Within 12 candles price broke up 50% of the time, broke down 49% and stayed inside 1%.

Counted on Alibaba: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6752%48%0%
Hourly7449%50%1%

Alibaba against the rest

ChartsFoundBroke upBroke downStayed inside
Alibaba14150%49%1%
All US stock market charts4,52054%45%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016367%33%
2017862%38%
2018862%38%
2019850%50%
2020771%29%
2021617%83%
2023450%50%
20241050%50%
20254957%41%
20263633%67%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on Alibaba

Inside bar · Gap up · Gap down · Stochastic bullish cross · Stochastic bearish cross · Spinning top · MACD bullish cross · MACD bearish cross · RSI overbought drop · EMA 9/21 bullish cross · all of them

The doji elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the doji work on Alibaba?

In 141 cases on Alibaba, price broke up 50% of the time, broke down 49% and stayed inside 1% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.