Long-Legged Doji

Search Dictionary

Definition of 'Long-Legged Doji'

The Long-Legged Doji is the same as a Doji but with a longer wick. Compare the two side by side below.

Click image for original size
Long-Legged Doji Candle

The longer the "legs" (also called wicks or tails) of a Doji are the more the indication that equilibrium has been reached. If a long legged Doji appears at the end of a trend then this suggests that the trend may be over and it is time for a reversal. The market is telling the trader that an area of indecision has been reached.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.

Emini Day Trading / Daily Notes / Forecast / Economic Events / Trading Indicators / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Features / Mortgage Calculator / User Pages / Donate

Copyright © 2004-2018, MyPivots. All rights reserved.