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Japanese stock market · candlestick pattern

Doji on Nikkei 225

On Nikkei 225 the doji showed up 98 times. Within 12 candles price broke up 54% of the time, broke down 46% and stayed inside 0%.

Counted on Nikkei 225: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily5654%46%0%
Hourly4255%45%0%

Nikkei 225 against the rest

ChartsFoundBroke upBroke downStayed inside
Nikkei 2259854%46%0%
All Japanese stock market charts55651%48%1%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016475%25%
20171164%36%
2018825%75%
2019333%67%
2021956%44%
2023944%56%
20244100%0%
20252556%44%
20262255%45%

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 Nikkei 225

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

The doji elsewhere

Sony · Toyota · SoftBank · Sensex · Nifty 50 · Dow Jones · S&P 500 · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the doji work on Nikkei 225?

In 98 cases on Nikkei 225, price broke up 54% of the time, broke down 46% and stayed inside 0% within 12 candles.

What is the doji?

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