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A long-legged doji is a type of doji candlestick pattern that is characterized by long wicks on both ends and a small body in the middle. The long wicks indicate that the security’s price has fluctuated significantly over the course of the day, but has ended up relatively unchanged. The small body in the middle indicates that there was little price movement throughout the day.

Long-legged doji candlesticks are generally seen as neutral patterns, as they do not provide a clear indication of whether buyers or sellers are in control. Instead, they often indicate indecision or uncertainty in the market. As a result, long-legged doji candlesticks are often seen as potential reversal patterns, signaling that the security’s price may change direction in the near future.

It is important to note that long-legged doji candlesticks should not be interpreted in isolation, but rather in the context of the overall trend and other technical analysis tools and indicators. Technical analysis is just one approach to evaluating securities, and it is important to consider other factors such as fundamental analysis and market conditions when making investment decisions.