Simple Stock Trading Candlestick Patterns

Maureen Gil
2 min readJun 26, 2024

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

Photo by Jarrod Reed on Unsplash

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 Doji pattern indicates indecision in the market. It suggests that there might be a potential reversal of the current trend or a period of consolidation. You can spot this pattern at the top of an uptrend, the bottom of a downtrend, or in the middle of a trend.

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.

The Spinning Top pattern indicates indecision in the market. It suggests that neither buyers nor sellers are in control, leading to a potential reversal or a continuation of the current trend. This pattern can appear at the top of an uptrend, the bottom of a downtrend, or within a trend, signaling a possible pause or change in direction.

The Pinbar (Potential…

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Maureen Gil
Maureen Gil

Written by Maureen Gil

한국 An attorney's humor on life. Become more beautiful when you subscribe to my newsletter. https://www.maureengil.com Recipes: https://www.mamashappykitchen.com

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