Investor Pattern Recognition Long Legged Doji

Recognition

Long Legged Doji High Wave Candle Morning Star Long Legged Doji Three Line Strike Advance Block Homing Pigeon Breakaway Engulfing Pattern In Neck Pattern Stick Sandwich Kicking bull or bear determined by the longer marubozu Modified Hikkake Pattern Morning Doji Star Doji Tasuki Gap Evening Star Harami Pattern Closing Marubozu Rising and Falling Three Methods Harami Cross Pattern Thrusting Pattern Doji Star Up and Down gap side by side white lines On Neck Pattern Hikkake Pattern Ladder Bottom Piercing Pattern Three Stars In The South Separating Lines Abandoned Baby Mat Hold Three Advancing White Soldiers Belt hold Unique 3 River Long Line Candle Dragonfly Doji Gravestone Doji Evening Doji Star Marubozu Concealing Baby Swallow Upside Gap Two Crows Shooting Star Two Crows Stalled Pattern Spinning Top Dark Cloud Cover Three Inside Up or Down Kicking Takuri Dragonfly Doji with very long lower shadow Hanging Man Upside and Downside Gap Three Methods Counterattack Matching Low Three Outside Up or Down Identical Three Crows Inverted Hammer Three Black Crows Rickshaw Man Tristar Pattern Short Line Candle Hammer

The Long Legged Doji pattern shows Investor Education trend that describe the indecision of the buyers and sellers.. View also all equity analysis

Long Legged Doji In A Nutshell

First, we can take note of the large trading range, which may indicate that there is indecisiveness in the market. With price moving so much in one period, you want to look at volume levels and fundamentals to understand why there is a large range. Secondly, this can signal trend reversal if it occurs after a trend in either direction. It could indicate a battle between the bears and the bulls in the market. Again, refer to volume and money flow to see if there was a surge of new money. Lastly, it could be a resting point in the market, and what is meant is people could simple be taking profits or stop losses were hit.

If you have are unfamiliar with the candlestick pattern doji, I highly recommend to go and read what that candlestick pattern is as it will give you insight to what this pattern entails. As the title may suggest, a long legged doji is a doji that has long wicks, indicating that the trading range is wide but the open and close were essentially the same. Easily located on a chart, it can mean a few different things.

Closer Look at Long Legged Doji

Understanding the reasoning behind the move can help to give you insight as to where the market may be headed. A doji is a simple pattern to located and a long legged doji may be even easier. MacroAxis has a plethora of tools and information to help you become informed on a particular topic. Test this pattern in your current trading setup and see if it give you an extra edge.

Investor Education Technical Analysis Modules

Most technical analysis of Investor Education help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Investor from various momentum indicators to cycle indicators. When you analyze Investor charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

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