RICKSHAWMAN

6 April 2017 By PDSNET

A candlestick formation which comprises of a very small or non-existent body and very long upper and lower shadows. The body of the candle is exactly in between the two shadows. The Rickshawman candlestick pattern is a definite signal of indecision in the market, as buying and selling pressure are exactly equal. The upper and lower shadows are also very long, showing the intense fight between the bulls and the bears during the period. Also called a Long Legged Doji.

Rickshawman candlestick
Example of a Rickshawman Candlstick formation



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