Doji long legs

in forex •  7 years ago 

The long leg doji is a pattern of indecision, its tendency is neutral and its reliability is medium, which means that it takes a candle to confirm if the trend changes or follows the trend.

The opening and closing are equal, the upper or lower tando shadows are almost equal in length and can appear in both high and low parts.

It is very similar to the long wave sail but its body is a doji and therefore with some reliability, it is a very important signal of change of tendency more than the long wave sail.

This pattern is formed when prices quoted during the day in a very broad range, both downwards and upwards with respect to the day's squeeze. this means that the final result is not different from the initial one (opening), despite the volatility that has occurred during the session, this pattern indicates a loss of management direction and hence the indecision of the market.

Obligatory requires a definite confirmation with another candle the following day in a bearish form when the trend is bullish and bullish when the trend is bearish.

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