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Doji usually shows reversal trend. So you have to be careful when finding Doji, especially when Doji shows after Marubozu. This condition tells that investor appetite for buying or selling is dramatically reduced, and investor is waiting for another.signal of reversal. Trend reversal should be confirmed by looking at candle after Doji.
Spinning Top candlestick signals neutral price movement, only meaningful in combination with other candlestick patterns. Usually can be found in sideways trend. I suggest that if you find a lot of Spinning Top and Doji, don't enter the market, market is still confuse to decide whether it will going up or down. Financial instrument is traded in very thin price range.
White Candlestick and Black Candlestick usually signal price movement, up or down, depends on its color. This candlestick occurs in different lengths. The longer the body, the more significant the price increase or decrease.
Marubozu is a type of candle that shows dominant bullish or bearish trend, depend on its color. After Marubozu shows up, there's a lot of chances that the trend (bullish or bearish) is continue. Marubozu signals market is very confident about the trend. Sometimes the trend is so strong and creates Three White Soldier and Three Black Crows pattern.
A candlestick chart is a popular chart used in Technical Analysis to predict price movements of equity or currency price. This style of charting is very popular due to the level of ease in reading and understanding the graphs. This chart is said to have been developed in the 18th century by Japanese rice trader. They used candlestick chart to predict future demand.
Technical Analysis uses chart to display price movement of financial instrument over time. There several chart type commonly use: Line chart, OHLC chart, and Candlestick chart.
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