Trend-Neutral Candlestick Patterns


Trend-Neutral Candlestick Patterns are - 

  1. Doji – The open and close are almost the same, showing indecision between buyers and sellers.

  2. Spinning – Small body with long upper and lower shadows; indicates a balance of power.

  3. High-Wave Candle – Long wicks on both sides with a small body; strong uncertainty in the market. 




1. Doji

  1. A Doji forms when the open and close prices are almost the same.

  2. It indicates that buyers and sellers are in balance.

  3. Neither bulls nor bears were able to take control during the session.

  4. The length of the shadows shows the degree of price volatility during that period.

  5. A long upper shadow signals buying pressure that was rejected.

  6. A long lower shadow shows that sellers tried to push price down but failed.

  7. Doji often appear in consolidation areas or after a trend.

  8. Alone, a Doji is neutral and doesn’t guarantee reversal.

  9. Confirmation from the next candle is required to determine the market’s next move.

  10. Doji are important for spotting indecision and potential breakout points.


2. Spinning Top / Bottom 

  1. A Spinning  has a small real body with long upper and lower shadows.

  2. The small body shows that the open and close prices are close to each other.

  3. The long shadows indicate that both buyers and sellers tried to push the price.

  4. Neither side gained clear control, showing a balance of power.

  5. Spinning often appear during sideways markets or pauses in up or down trends.

  6. They can signal indecision but sometimes precede reversals.

  7. Confirmation from subsequent candles is needed to act on the signal.

  8. In an uptrend, a Spinning Top may indicate slowing momentum.

  9. In a downtrend, it may indicate that selling pressure is weakening.

  10. Traders use Spinning Top/Bottom to monitor potential changes in market sentiment.


3. High-Wave Candle

  1. A High-Wave Candle has a small real body with very long upper and lower shadows.

  2. It shows extreme volatility and strong uncertainty in the market.

  3. Buyers and sellers both tried to push prices in opposite directions.

  4. The small body indicates neither side could dominate by the close.

  5. High-Wave Candles usually appear in range-bound or consolidation zones.

  6. They are considered trend-neutral because they don’t confirm direction.

  7. The longer the shadows, the higher the indecision among traders.

  8. Breakouts after High-Wave Candles often define the next trend.

  9. Traders often wait for a clear candle after a High-Wave to decide entry.

  10. These candles are valuable for identifying uncertainty and possible breakout points.