Long-Legged Doji
Volume Price Analysis glossary · Volume Price Analysis
Definition
A doji with exceptionally long upper and lower wicks; signals extreme indecision or (on low volume) stop-hunting.
Long-Legged Doji in plain English
Each price bar (candle) has a fat 'body' showing where price opened and closed, and thin lines called 'wicks' showing the highest and lowest it reached. A doji is a candle that opens and closes at nearly the same price, so it has almost no body — a tie between buyers and sellers. A Long-Legged Doji is a doji with very long wicks both above and below, meaning price swung wildly up AND down during the period but ended right back where it started. It screams indecision, and when it happens on low volume it can be a sign that big players are just poking around to trigger stops ('stop-hunting') rather than committing to a direction.
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