FOUR PRICE DOJI
Definition
This candlestick is simply a horizontal line that has no upper and lower shadows.
Recognition Criteria
1. The body length is null.
2. There are no upper or lower shadows.
3. The open, close, high, and low prices are identical throughout the entire day.
Candlestick Requirements and Flexibility
The body should be colorless and have precisely zero length, with no shadows.
Trader’s Behavior
A Four Price Doji is a very rare occurrence and only appears when all four price components—the open, high, low, and close—are equal. It represents complete and total uncertainty among traders regarding market direction. This typically occurs in situations where a stock is very illiquid, has low volume, or when the data source only reports the closing price.
The Four Price Doji is not reliable on its own, similar to most other candlesticks. It only reflects one day of trading and conveys a sense of complete indecision. Like all other Doji types, the Four Price Doji is important only in markets where Doji are not frequently observed. In a chart characterized by many Doji, the emergence of a Four Price Doji does not hold significant signal value.