Candlestick Patterns

Rickshaw Man

The Rickshaw Man is a type of Doji and therefore represents indecision in the market. Bulls and bears fight creating long wicks or shadows, but finally the open and close are practically at the same level. What differentiates the Rickshaw Man from a normal Doji is its long wicks. The fight between bullish and bearish pressures is more volatile in this type of Doji, which creates long upper and lower wicks. Due to the Rickshaw Man represents high indecision in the market, it is recommended to use it with other indicators to open or close positions.

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