Doji Down Pattern

This pattern appears at the end of a bull cycle

The candle number 1 is the Doji candle.

The candle 2 is a confirmation candle.

There are 2 cases :

• If candle 2 is a red candle (bearish candle), we execute a SELL order on the next 3 candle.

• If candle 2 is a green candle (bullish candle), then we are out of the market.

Candle 3 is an entry candle – that is, we will sell when candle 3 opens. We open a SELL order at the beginning of the 3rd candle, at the end of the 3rd candle, we close the order – namely, we have to close the SELL order when the 3rd candle closes.