Long Legged Doji
Long Legged Doji is formed by a Doji that has a Medium / Long upper shadow and lower shadow. This formation indicates that although the market was characterized by strong action between buyers and sellers (who form the Long / Medium Upper and lower shadow), but the market remains closed on the position of indecision, where none of the parties that believe in what's supposed to happen. The next market’s indecision creates reversal opportunity from the preceded trend.
Long Legged Doji
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on Tuesday, October 23, 2012
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Labels:
Doji,
Long Legged Doji,
One Candlestick Formation
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