Trend-Neutral Candlestick Patterns are -
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Doji – The open and close are almost the same, showing indecision between buyers and sellers.
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Spinning – Small body with long upper and lower shadows; indicates a balance of power.
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High-Wave Candle – Long wicks on both sides with a small body; strong uncertainty in the market.
1. Doji
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A Doji forms when the open and close prices are almost the same.
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It indicates that buyers and sellers are in balance.
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Neither bulls nor bears were able to take control during the session.
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The length of the shadows shows the degree of price volatility during that period.
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A long upper shadow signals buying pressure that was rejected.
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A long lower shadow shows that sellers tried to push price down but failed.
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Doji often appear in consolidation areas or after a trend.
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Alone, a Doji is neutral and doesn’t guarantee reversal.
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Confirmation from the next candle is required to determine the market’s next move.
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Doji are important for spotting indecision and potential breakout points.
2. Spinning Top / Bottom
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A Spinning has a small real body with long upper and lower shadows.
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The small body shows that the open and close prices are close to each other.
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The long shadows indicate that both buyers and sellers tried to push the price.
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Neither side gained clear control, showing a balance of power.
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Spinning often appear during sideways markets or pauses in up or down trends.
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They can signal indecision but sometimes precede reversals.
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Confirmation from subsequent candles is needed to act on the signal.
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In an uptrend, a Spinning Top may indicate slowing momentum.
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In a downtrend, it may indicate that selling pressure is weakening.
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Traders use Spinning Top/Bottom to monitor potential changes in market sentiment.
3. High-Wave Candle
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A High-Wave Candle has a small real body with very long upper and lower shadows.
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It shows extreme volatility and strong uncertainty in the market.
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Buyers and sellers both tried to push prices in opposite directions.
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The small body indicates neither side could dominate by the close.
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High-Wave Candles usually appear in range-bound or consolidation zones.
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They are considered trend-neutral because they don’t confirm direction.
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The longer the shadows, the higher the indecision among traders.
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Breakouts after High-Wave Candles often define the next trend.
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Traders often wait for a clear candle after a High-Wave to decide entry.
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These candles are valuable for identifying uncertainty and possible breakout points.