1. Doji Candlestick
Doji candlesticks are formed when the market opens and closes at almost the same price point. These candlesticks look like a cross or plus, typically with long wicks, although wicks can be of varying lengths.
Doji candlesticks represent indecision in the market. This is brought about by having similar buying and selling pressures in the market, with almost no net gain for either side.
The Doji candle is a neutral signal, which could be interpreted in several ways. It could be taken as a signal for a potential reversal to the current trend. Also, it could be taken as a signal of consolidation, which may be a sign to stand aside.