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Last doji we are going to analyze is named long legged doji or rickshaw man. This is a doji with an open

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and close at the middle of the candle's range or very close to the middle of the candle.

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There's no real body or a very small real body and there are two long shadows that we can also call

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legs,

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that's why the name long legged doji. This pattern has a condition that you will not find so easily in

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other patterns.

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The long legged doji is a reversal pattern whether it appears during a downtrend or an uptrend.

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Let's see the reason of this condition.

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The long upper shadow shows that the price rallied during the session.

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The long lower shadow shows a market that has sold off during the session.

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In other words the market rallies, sells off, rallies, sells off and continues like this only to close the

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session at the opening price.

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So after a downtrend or after an uptrend this doji indicates that there has been much uncertainty

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in the market,

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after a period of directional certainty. This change of conviction may result in a change of trend.

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Here we have euro-dollar on a daily chart, you can see a long legged doji appearing at the end of an uptrend,

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creating uncertainty on the market. That could be the price where sellers find convenient to sell,

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increasing the supply and pushing the price down.