Rickshaw

The Rickshaw is a Japanese candle which is used in Forex market technical analysis. This model has a small or almost no body and a long shade. It is believed that a rickshaw indicates an inversion of the trend on the currency market at its very peak when the sellers and the buyers become indecisive. In such a situation, the rickshaw hangs above the rest of the graph. It belongs to a category of Japanese candles called doji.