Understanding the reasoning behind the move can help to give you insight as to where the market may be headed. A doji is a simple pattern to located and a long legged doji may be even easier. MacroAxis has a plethora of tools and information to help you become informed on a particular topic. Test this pattern in your current trading setup and see if it give you an extra edge.
Long-Legged-Doji
By Nathan Young | Macroaxis Story |
If you have are unfamiliar with the candlestick pattern doji, I highly recommend to go and read what that candlestick pattern is as it will give you insight to what this pattern entails. As the title may suggest, a long legged doji is a doji that has long wicks, indicating that the trading range is wide but the open and close were essentially the same. Easily located on a chart, it can mean a few different things.
Updated over a year ago View currently updated edicational stories | Filter Long Legged Doji |
Reviewed by Gabriel Shpitalnik
First, we can take note of the large trading range, which may indicate that there is indecisiveness in the market. With price moving so much in one period, you want to look at volume levels and fundamentals to understand why there is a large range. Secondly, this can signal trend reversal if it occurs after a trend in either direction. It could indicate a battle between the bears and the bulls in the market. Again, refer to volume and money flow to see if there was a surge of new money. Lastly, it could be a resting point in the market, and what is meant is people could simple be taking profits or stop losses were hit.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectEditorial Staff
Would you like to provide feedback on the content of this article?
You can get in touch with us directly or send us a quick note via email to editors@macroaxis.comDid you try this?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
All Next | Launch Module |
Other Consideration for investing
Commodity Directory Find actively traded commodities issued by global exchanges | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
CEOs Directory Screen CEOs from public companies around the world | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |