Start with what is observable

A small real body records balance over the selected interval, but that balance can arise in many environments. After a fast directional move it may show hesitation. In a quiet range it may simply be ordinary two-sided trade.

Ask where it formed

Mark nearby swing points, prior consolidation, and the direction of the preceding move. A doji at a tested structural level deserves a different question from one in the middle of an unremarkable range.

Wait for evidence

Define follow-through before acting on an interpretation. A close beyond the doji range, a failed break, or renewed momentum may clarify the next chapter. The candle itself does not.

This material is for education only and does not constitute investment advice.