Key Takeaways
Long-Legged Doji
Doji with very long upper and lower shadows, showing extreme indecision with wide price swings but no resolution.
Market Psychology
Extreme battle between buyers and sellers. High volatility but no winner, often precedes significant moves.
Candle Structure
Trading Setup Example
Entry, stop loss, and take profit levels.
Always wait for pattern confirmation before entering a trade.
Where This Pattern Appears
Trend context and market position.
Signals market indecision - wait for confirmation.
How to Identify
Open and close at or near the same price (middle of range)
Very long upper and lower shadows
Total range is significantly larger than typical candles
Appears during high volatility periods
Confirmation Signals
Trading Strategy
š„ Entry
Wait for breakout direction confirmation
š Stop Loss
Wide stop due to volatility - use pattern extreme
šÆ Take Profit
Target based on resulting trend direction
āļø Risk/Reward
1:2
Common Mistakes to Avoid
Pro Tips
Best Timeframes
Pattern Variations
Educational Disclaimer
This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.
Frequently Asked Questions
Related Learning Resources
Related Patterns
Doji
Open and close are virtually the same, creating a cross or plus sign. Signals market indecision and potential reversal.
Spinning Top
Small body with upper and lower shadows that are longer than the body. Shows indecision but less significant than doji.
High Wave Candle
Very long upper and lower shadows with a small body. Similar to long-legged doji but with a small body instead of none.