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Long Legged Doji Candlestick Patterns Explained
What is a long-legged doji candlestick pattern? The long-legged doji candlestick pattern has both long upper and lower shadows (wicks) and generally has a closing price near where it opened in the time frame of the candle. The long-legged doji candlestick can signal extreme indecision in the current market with a large trading range but no winner between buyer and sellers to move price in one direction. This indecision candle can be seen by investors as a signal that there is a high probability of an end to the current trend as traders and investors were unable to keep the price moving in one direction. In an ... (full story)
