Mastering Japanese Candlestick Patterns in Market Analysis

The NEUTRAL DOJI STAR is a candlestick pattern that signifies indecision in the market, potentially hinting at a pending reversal. It is not directly indicative of bullish or bearish pressure or a continuation of the current trend.

A long-legged doji is a candlestick pattern that has long upper and lower shadows, indicating indecision and potential reversal in the market.

A GraveStone/Tombstone Doji is a candlestick pattern where the open and close occur at the same low end of the candlestick, usually signaling a potential reversal at the top of an uptrend. It is considered a bearish signal as it indicates indecision and a possible trend reversal.

A Dragonfly Doji candlestick pattern is considered a bullish signal when it appears at the bottom of a downtrend. It typically trades lower and closes at the open price, which is also the high of the day. This pattern suggests a potential reversal of the downtrend and a shift towards bullish sentiment.

The Four Price Doji is a candlestick pattern in technical analysis that signifies complete indecision in the market. The opening, closing, high, and low prices are all the same, indicating uncertainty among traders.

A spinning top is a toy that spins on its axis, typically a small body with a long wick that can be wound up to spin rapidly. It is not related to fruits, dance, or vehicles.

A hammer candlestick pattern is a reversal pattern that occurs at the bottom of a downtrend. It signals a potential reversal to the upside. The color of the small body in a hammer candlestick pattern can provide additional insight into market sentiment, with a green body suggesting bullish sentiment and a red body suggesting bearish sentiment.

The Hanging Man candlestick pattern is characterized by a small body with a long bottom wick and is typically observed at the top of an uptrend. It signals potential bearish sentiment and a possible trend reversal. A Shooting Star has a small body with a long upper wick and typically appears at the top of an uptrend, signaling a potential reversal as well. Doji is a candlestick pattern with a small body, indicating indecision in the market. A Hammer has a small body with a long lower wick and is usually a bullish reversal pattern.

An Inverted Hammer is a candlestick pattern with a small body and a long upper wick that appears at the bottom of a downtrend, suggesting a potential reversal in price direction. A green body in an Inverted Hammer indicates more of a bullish sentiment compared to a red body. It is important to consider the overall market context when interpreting this pattern.

A shooting star is a bearish reversal candlestick pattern that forms at the top of an uptrend, indicating a possible trend reversal. It suggests that buyers are losing control and that a potential downtrend may follow.

A MARABOZU candlestick pattern is typically indicative of a strong bearish or bullish continuation in the market. It has a long full body with little or no wick. If found at the top or bottom of a trend, it may suggest a reversal if at significant support/resistance lines.