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: “Rickshaw Man Pattern”.
Rickshaw Man Pattern
– Is a signal of indecision of the Markets.
– Is a Doji Line, with a Real Body located halfway between the two Shadows (That’s why is different from a Long Legged Doji).
– It has both Shadows (Upper and Lower) very long.