Intermediate · Candlestick & chart patterns
Rickshaw Man
What it means
Price swung a very long way either side of the open and closed almost exactly at the middle of that range, so the session settled nothing and the trend may be adrift.
At a glance
- Directional bias
- High indecision
- Sessions to form
- 1 trading session
- Curriculum tier
- Intermediate
- Pattern family
- doji
Practise this pattern in the Simulator
Reading a definition is not the same as spotting one. Run Rickshaw Man on real historical NSE daily bars in the Pattern Arena — the chart pauses and explains the formation each time it completes. Virtual capital only.
Practise Rickshaw Man in the SimulatorRelated patterns
Doji
indecisionPrice travelled through the session and closed right back where it opened, so neither buyers nor sellers won and the current trend has lost its conviction.
Dragonfly Doji
bullishPrice fell sharply during the session but buyers brought it all the way back to the open, rejecting the lows and hinting at a potential floor after a decline.
Gravestone Doji
bearishPrice rallied sharply during the session but sellers brought it all the way back to the open, rejecting the highs and hinting at a potential top after an advance.
Long-Legged Doji
indecisionPrice swung a long way both above and below the open and still closed where it started, so the session settled nothing and the prevailing trend may be losing its footing.
Four-Price Doji
indecisionOpen, high, low and close all landed on one price, so the session never moved at all, which usually reflects a very thin market rather than any statement about direction.
Tweezer Top
bearishTwo consecutive sessions peak at almost exactly the same high, showing buyers repeatedly failing at one price and indicating a potential reversal downward.
Educational reference only. This describes what traders conventionally read into the Rickshaw Man formation. It is not a trading signal, a prediction or investment advice, and no pattern is reliable on its own. Finance Onyx is a simulated educational platform: all practice uses virtual capital and no order is ever routed to a broker or an exchange.