Investor Pattern Recognition Long Legged Doji

Recognition

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