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Commodities · candlestick pattern

Doji on Silver

On Silver the doji showed up 135 times. Within 12 candles price broke up 47% of the time, broke down 50% and stayed inside 4%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6951%48%1%
Hourly6642%52%6%

Silver against the rest

ChartsFoundBroke upBroke downStayed inside
Silver13547%50%4%
All Commodities charts59550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016933%56%
2017650%50%
2018475%25%
20191080%20%
2020367%33%
2021825%75%
2022520%80%
20231060%40%
20243429%65%
20254353%42%
2026367%33%

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 Silver

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

The doji elsewhere

Gold · Crude oil · Copper · 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 Silver?

In 135 cases on Silver, price broke up 47% of the time, broke down 50% and stayed inside 4% within 12 candles.

What is the doji?

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