Long-Legged Doji
A Long-Legged Doji is a type of candlestick pattern that is used in technical analysis to identify potential reversals in the market. It is characterized by a long upper and lower shadow, with the open and close prices being equal. This pattern is considered to be a sign of indecision in the market, as neither buyers nor sellers have been able to gain control. The long-legged doji is a strong signal that the current trend may be coming to an end and that a reversal may be imminent.
History of the Long-Legged Doji
The long-legged doji is a candlestick pattern that was first identified by Japanese rice traders in the 18th century. It is believed to have been used as a way to identify potential reversals in the market. The pattern is still used today by technical analysts to identify potential reversals in the market. The long-legged doji is a strong signal that the current trend may be coming to an end and that a reversal may be imminent.
Comparison Table
| Pattern | Open | High | Low | Close |
|---|---|---|---|---|
| Long-Legged Doji | Equal | High | Low | Equal |
Summary
The long-legged doji is a candlestick pattern that is used in technical analysis to identify potential reversals in the market. It is characterized by a long upper and lower shadow, with the open and close prices being equal. This pattern is considered to be a sign of indecision in the market, as neither buyers nor sellers have been able to gain control. The long-legged doji is a strong signal that the current trend may be coming to an end and that a reversal may be imminent.
For more information about the long-legged doji, you can visit websites such as Investopedia, TradingView, and StockCharts.
See Also
- Doji
- Hammer
- Hanging Man
- Inverted Hammer
- Shooting Star
- Engulfing Pattern
- Dark Cloud Cover
- Piercing Line
- Morning Star
- Evening Star
