Long-Legged Doji Candlestick Pattern Explained: Meaning & Importance

What Is the Long-Legged Doji?

A Long-Legged Doji forms when open and close prices are equal, with unusually long upper and lower wicks on both sides

How to Identify It

Spot a candle with a tiny or absent real body and exceptionally long shadows extending far above and below the body

What Does It Signal?
 

It reflects intense buying and selling pressure that ultimately cancelled out - signalling deep market indecision and a potential trend reversal ahead

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Bullish vs Bearish Context

At the bottom of a downtrend it hints at bullish reversal. At the top of an uptrend it warns of a bearish turn

How to Trade It
 

Always wait for next candle confirmation. Combine with volume and RSI for stronger signals before entering any trade position

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