Long Legged Doji

Long Legged Doji pattern has both long upper and lower shadows and generally has a closing price near where it opened in the timeframe of the candle.

This can signal extreme indecision in the current market with a large trading range but no winner between buyers and sellers to move price in one direction.

This indecision candle can be seen by investors as a signal that there is a high probability of an end to the current trend as traders were unable to keep the price moving in one direction.

Many traders will wait for the next candle on the chart after the long-legged doji to confirm a reversal as it creates a high probability of success than signaling off just one candle.