Long Legged Doji Candlestick pattern
Updated on March 17, 2023
Long-Legged Doji is a candlestick pattern that is formed on a price chart and is used in technical analysis to signal a potential trend reversal. It is characterized by long upper and lower shadows, with the body of the candle being relatively small and located near the center of the shadows. This pattern can indicate indecision in the market, as the bulls and bears are both pushing the price in opposite directions, but neither side is able to gain the upper hand.
What is Long-Legged Doji Bullish Reversal?
A Long-Legged Doji Bullish Reversal occurs when the Long-Legged Doji forms after a downtrend and signals a potential reversal to the upside. It is considered a bullish signal and may indicate that the bears are losing control and the bulls are starting to take over.
What is Long-Legged Doji Bearish Reversal?
A Long-Legged Doji Bearish Reversal occurs when the Long-Legged Doji forms after an uptrend and signals a potential reversal to the downside. It is considered a bearish signal and may indicate that the bulls are losing control and the bears are starting to take over.
