1/1/2023 0 Comments Long legged doji![]() ![]() if the opening is lower, take a short position and vice versa). Seiki Shimizu writes that the traders often take positions in the direction designated by the opening of the candle following the Long-Legged Doji (i.e. The appearance of this type of doji on a chart can be a sign of a reversal - especially if it occurs after a Long White Candle. One example is a Long-Legged Doji basic candle. However, it is an extremely important type of candle which should be interpreted differently for different types of situation. ![]() It is widely accepted that doji candles are neutral. The literature contains many descriptions about doji candles that provide examples of schematic thinking. This article is devoted to the Long-Legged Doji basic candle.
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