For a better understanding of this article, you should already know what Japanese Candlesticks are and all their features; for this reason, we suggest you to read this introductory article to Japanese Candlesticks: Japanese Candlestick Chart ( So that you can understand also the Ratings given to the Candlestick Patterns for the “quality” of the signal and for their frequency to “appear” on Charts).
Let’s analyse now the following Type of Japanese Candle: “Long Legged Doji”.
Long Legged Doji
– A Long Legged Doji is a signal of indecision of the Trend and of high volatility; it represents the indecision for the future direction of the Trend. If a Long Legged Doji occurs during a strong Uptrend or Downtrend, it can mean a possible reversal of the current Trend.
– The shadows (Upper and Lower) of a Long Legged Doji, are very long.
