Spinning Tops Candlesticks Pattern and Dojis Stock Candlestick Patterns

Doji Consolidation Candles Pattern & Doji Continuation Stock Candlestick Patterns

Spinning tops candlesticks pattern have a small body with long upper and lower shadows. These spinning top are referred to by this name of spinning top because they are similar to spinning tops on a matchstick.

The upper and lower shadows of the spinning tops are longer than the body. The example illustrated and explained below shows the spinning top pattern. You can look for pattern on your MT4 Stocks Platform charts. Example illustrated & described below shows a screen-shot to help traders when it comes to learning & understanding these formations.

How to read candle charts - Spinning Tops

Color of the spinning top candlestick is not very important, this formation show the indecision between the buyers and sellers in the stock trading market. When these stocks patterns appear at the top of a stocks trend or at the bottom of the stocks trend it might signify that the stocks trend is coming to an end & it may soon reverse and start going the other direction. However, it is best to wait for confirmation signals that the direction of a stocks trend has reversed before trading the signal from this chart formation.

Candlestick Reversal Patterns Formations on Trading Charts

At the top of an upwards stocks trend a black/red spinning top shows that a reversal is more likely than when color of the candle is white/blue.

At the bottom of a Stocks Trading downwards trend a white/blue spinning top shows that a reversal is more likely than when the color is black/red.

This reversal stocks signal is confirmed when the next candlestick pattern that forms after the spinning tops closes below the neckline for a downward stocks trend reversal signal confirmation, and closes above the neckline for a reversal stocks signal in a downward trend.

The neckline is:

• For an Upwards Stocks Trend - The open of the previous candlestick that was drawn just before the spinning top.
• For a Downward Stocks Trend - The open of the previous candlestick that was drawn just before the spinning top

Shown Below is example of this Japanese charting techniques where this pattern has formed & how to trade it. On the trading chart below when the price moved above the neckline the reversal stocks signal given by the spinning top candlestick was confirmed and this was a good point to exit the short sell stocks trade.

Spinning Top Pattern on a Chart

Color of the spinning tops formed is blue therefore meaning that a reversal was more likely as opposed to if the color had been red.

Doji Candlesticks Pattern

This is a pattern with same opening & closing stocks price. There are various types of doji candlestick patterns that form on charts.

following examples illustrate various patterns of the doji candle-stick:

Long-legged doji candle stick has long upper and lower shadows with opening & closing stocks price at the middle. When the Long legged doji pops up on a Stocks chart it indicates indecision between stock traders, the buyer and the sellers.

Shown Below is example screenshot image of the Long Legged

• Doji stocks chart pattern

Cross Doji Stock Candlestick

Cross doji has a long lower shadow & a short upper shadow & the open & close of the day is the same.

This stocks pattern appears at market turning points and warns of a possible stocks trend reversal in the Stocks. Shown Below is as example of this chart formation

• Cross Doji Pattern

Inverted Cross Doji Stocks Trading Candle

Inverted cross doji candles have a long upper shadow & a short lower shadow & the open & close is the same.

This reversal stocks pattern appears at market turning points and warns of a possible stocks trend reversal in the Stocks. Shown Below is an example

• Inverted Cross doji

Technical Analysis in Stock Trading - All doji candlesticks pattern show indecision in the stocks market this is because at the top of the buyers were in control, at the bottom the sellers were in control but none of them could gain control & at the close of the stocks market the stocks price closed unchanged at the same stocks price as the opening stocks price. This doji shows that the overall stocks price movement for that day was zero pips or just a minimum range of 1-3 pips. Reading these charts patterns require very small pip movement between the opening stocks price & closing stocks price.