- Candlesticks with a long upper shadow, long lower shadow and small real bodies are called spinning tops. The color of the real body is not very important.
- The patterns indicate the indecision between the buyer and the seller.
MarubozuIt means there are no shadows from the bodies and it depends whether the candlestick's body is filled or hollow, the high and low are the same as it's open or close.
A white marubozu contains a long white body with no shadows which means a very bullish candle.- A black marubozu contains a long black body with no shadows which means a very bearish candle.
Doji (Draw)
Long White Candle + Doji
If a doji forms after a series of candlesticks with hollow bodies, the doji signals that buyers becoming exhausted and weakening (the weakening of Bullish).
Long Black Candle + Doji
If a doji forms after a series of candlesticks with long filled bodies, the doji signals that sellers becoming exhausted and weakening (the weakening of bearish).
- Doji candlesticks have the same open and close price (bodies are extremely short).
- The Doji should have a very small body that appears as a thin line.
- Neither buyers nor sellers were able to gain control and the result was essentially draw.
Long White Candle + Doji
If a doji forms after a series of candlesticks with hollow bodies, the doji signals that buyers becoming exhausted and weakening (the weakening of Bullish).
Long Black Candle + DojiIf a doji forms after a series of candlesticks with long filled bodies, the doji signals that sellers becoming exhausted and weakening (the weakening of bearish).
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