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Commodities · candlestick pattern

Doji on Copper

On Copper the doji showed up 140 times. Within 12 candles price broke up 52% of the time, broke down 46% and stayed inside 1%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8451%49%0%
Hourly5654%43%4%

Copper against the rest

ChartsFoundBroke upBroke downStayed inside
Copper14052%46%1%
All Commodities charts59550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
20161136%64%
20171267%33%
2018838%62%
2019786%14%
20201275%25%
2021520%80%
20221136%64%
2023838%62%
20241242%58%
20252854%43%
20262658%38%

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 Copper

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · MACD bearish cross · Volume profile rejection · EMA 9/21 bearish cross · EMA 9/21 bullish cross · Volume profile bounce · MACD bullish cross · all of them

The doji elsewhere

Gold · Silver · Crude oil · Natural gas · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the doji work on Copper?

In 140 cases on Copper, price broke up 52% of the time, broke down 46% and stayed inside 1% within 12 candles.

What is the doji?

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