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US stock market · candlestick pattern

Doji on Amazon

On Amazon the doji showed up 178 times. Within 12 candles price broke up 54% of the time, broke down 45% and stayed inside 1%.

Counted on Amazon: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8460%40%0%
Hourly9449%49%2%

Amazon against the rest

ChartsFoundBroke upBroke downStayed inside
Amazon17854%45%1%
All US stock market charts4,52054%45%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016875%25%
20171060%40%
2018967%33%
20191050%50%
2020838%62%
20211164%36%
2022560%40%
2023683%17%
20241443%57%
20255155%43%
20264646%52%

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 Amazon

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

The doji elsewhere

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

Questions

How often does the doji work on Amazon?

In 178 cases on Amazon, price broke up 54% of the time, broke down 45% and stayed inside 1% within 12 candles.

What is the doji?

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