Spinning Tops Candlesticks Pattern and Dojis Energies Candlestick Patterns

Doji Consolidation Candles Pattern & Doji Continuation Energies Candlestick Patterns

Spinning tops candle sticks pattern have a small body with long upper & lower shadows. These spinning tops are referred to by this name of spinning tops 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 the pattern in your MT4 Energies Trading Platform charts. The example illustrated and explained below shows a screenshot to help traders when it comes to learning and understanding these formations.

How to read candlestick charts - Spinning Tops

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

Candlestick Reversal Patterns Formations on Trading Charts

At the top of an upward energies trend a black/red spinning tops shows that a reversal is more likely than when color of the candlestick is white/blue.

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

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

The neckline is:

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

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

Spinning Top Pattern on a Chart

The color of the spinning top 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 and closing energy price. There are various types of doji candle patterns that form on charts.

The following examples explain various patterns of the doji candle:

Long-legged doji candlestick has long upper and lower shadows with opening and closing energies trading price at the middle. When the Long-legged doji appears on a Energies chart it indicates indecision between energies traders, the buyer and the sellers.

Below is example screen shot image of the Long Legged

• Doji energies chart pattern

Cross Doji Energy Candlestick

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

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

• Cross Doji Pattern

Inverted Cross Doji Energy Trading Candle

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

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

• Inverted Cross doji

Technical Analysis in Energies Trading - All doji candlesticks pattern show indecision in the energies 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 and at the close of the energies market the energies price closed unchanged at the same energies price as the opening energies price. This doji shows that the overall energies 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 energies price & closing energies price.