On a candlestick chart, Doji form when the opening and closing prices are virtually equal. They may be open or filled, ie slightly up or down, but the body of the candlestick will be very small to non-existent.
Their upper and/or lower shadows may be pronounced – that is, there may have been significant movement during the session, but the important factor is that when the dealing’s done everything has gone back to where it started.

Doji indicate indecision in the market. Prices move above and below the opening level during the session, but close at or very near this level. So there’s an equilibrium in the final result, neither bulls nor bears could take over the market and create a trend.
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