Investor Pattern Recognition Long Legged Doji

Recognition

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

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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