Simple Stock Trading Candlestick Patterns
A reference guide for common patterns
This guide is mainly for my own reference, but I thought I would share it with the world, too. I will be updating it with more candlestick patterns as I find and learn them. Add in the comments if you have more for me to learn. :)
Candlesticks explained so far: 3
The Doji (Indecision)
The Doji candlestick pattern has a very small body, which is centered between long upper and lower shadows. This formation looks like a cross or a plus sign, with the opening and closing prices being very close to each other.
The Spinning Top (Indecision)
A variation of the Doji, the Spinning Top candlestick pattern features a small body with upper and lower shadows of similar length. The body is usually centered, and the shadows are relatively long compared to the body, giving it a balanced appearance.