Technical Analysis · Indecision
Rickshaw Man Doji
A Rickshaw Man Doji is an indecision candle with a very long upper wick and a very long lower wick of similar length, and a tiny body sitting near the middle of the range.
Bullish candle
Bearish candle
Highlighted = the pattern itself
Category
Indecision / Reversal
Signal
Wait for Confirmation
Reliability
★★★★★
Candles Involved
1
What does it signal?
Price swung violently in both directions during the session and settled almost exactly where it started — a sign of extreme indecision and a tug-of-war between buyers and sellers.
How to identify a Rickshaw Man Doji
- Open and close are nearly equal, positioned near the middle of the session's range.
- Both upper and lower wicks are unusually long and roughly symmetric.
How to trade a Rickshaw Man Doji
- Not a standalone signal — treat it as a warning that the current trend may be losing conviction and wait for the next candle to confirm direction.
Educational only — not financial advice. Combine any candlestick pattern with broader market context, risk management, and your own trading plan.
FAQ
Common questions
Neither on its own — it's a pure indecision signal. Its implication depends entirely on which direction the following candle confirms.
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