Skip to main content

Long-Legged Doji

Candlestick pattern indicating a strong sense of indecision. A long-legged doji displays price opening a certain level, a run to the upside, a pullback to the opening price, a drop to the downside. a bounce to the opening price, and close at or near where the price opened. This price action takes place all within the same time period (daily chart, 30-minute chart, 5-minute chart...). The long-legged term refers to the length of the upper and lower shadows. The longer the shadows (legs) the stronger is the move following the eventual breakout, or breakdown.

Popular posts from this blog

Tesla Stock Rebounds as Robotaxi Launch Nears and Trump-Musk Feud Fades

Microsoft Stock Powers Ahead: Azure, AI, and the High-Stakes OpenAI Drama

Nike’s Turnaround Journey Gains Momentum Amid Margin Pressure and Tariff Headwinds