6 Awesome Doji Candlestick Patterns (EXPLOSIVE PROFITS)

#3: Rickshaw Man Doji

A ¬†rickshaw man doji candlestick is is to an extent, a long-legged doji that has an opening price and closing price at or in the middle of the shadows and it is the “longer” version of the doji cross, really, where the wicks are much longer and ideally, the opening and closing price happen at midpoint.

rickshaw man doji

When you see rickshaw man doji pattern form in support and resistance levels, you should sit up and take notice.

This represents consolidation of price due to (maybe) indecision by trades as they sit on the sidelines and wait.

The breakout of the high/low of the rickshaw man doji generally results in price moving in the direction of the breakout.

READ  Spinning Top Candlestick Pattern (DEFINITION & TRADING TIPS)