Market Maker Weekly Doji Templates (Outstanding 33% Chance)
Updated
Going through this set of data since late 2021 or 140 weekly candles, I have discovered that an astounding number of weeks are of the Doji type ( 1 Out of 3 )
My previous post was about pin hammer bars and they represent 17% of all weekly candles.
Between dojis and pin hammers, that is equal to 50% of all weekly candles.
The other 50% of candles represent expansion bars (small, medium, and large)
In most cases on a doji week, what ever price the week opens with, price will tend to go back and forth around that price for either a high of week sell or low of week buy.
If this short week is indeed a doji, then it should rotate around the week's opening price of 39,160
And, since most weekly doji candles are roughly 350-600 ticks from the high to low, then that will be a good spot to look for reversals.
I won't know how this week unfolds until it unfolds, I can only watch and react accordingly.
My previous post was about pin hammer bars and they represent 17% of all weekly candles.
Between dojis and pin hammers, that is equal to 50% of all weekly candles.
The other 50% of candles represent expansion bars (small, medium, and large)
In most cases on a doji week, what ever price the week opens with, price will tend to go back and forth around that price for either a high of week sell or low of week buy.
If this short week is indeed a doji, then it should rotate around the week's opening price of 39,160
And, since most weekly doji candles are roughly 350-600 ticks from the high to low, then that will be a good spot to look for reversals.
I won't know how this week unfolds until it unfolds, I can only watch and react accordingly.
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