Green Spinning Top

This candlestick has a tiny green body with upper and lower shadows that have a greater length than the body. It is accepted as a type of Doji, and will act as a Doji when it appears

Recognition Criteria

1. The body of the candlestick is green and very small.

2. The upper and lower shadows are longer than the body.

Candlestick Requirements and Flexibility

The green body of the candlestick should be very small. The lengths of the shadows should be greater than the length of the body.

Trader’s Behavior

The market moves higher and then sharply lower, or vice versa. It then closes above the opening price creating a tiny green body. This represents complete indecision between the bulls and the bears. The actual length of the shadows is not important. The small body relative to the shadows is what makes the spinning top.

If a Green Spinning Top is observed after a long rally or a long green candlestick, this implies weakness among the bulls and it is a warning of a potential change or an interruption in the trend.

If a Green Spinning Top is observed after a long decline or a long black candlestick, this implies weakness among the bears and it is a warning of a potential change or an interruption in the trend.

Like most other single candlestick patterns, the Green Spinning Top has low reliability. It reflects only one day’s trading and can be interpreted both as a continuation or a reversal pattern. This candlestick needs to be used with other candlesticks to confirm a trend.

Green Closing Marubozu

This candlestick represents extreme bullishness and it is characterized with a long green body that has a lower shadow but no upper shadow.

Recognition Criteria

1. The body of the candlestick is green and long.

2. There is no upper shadow.

Candlestick Requirements and Flexibility

The green body of the candlestick should be longer relative to the other candlesticks on the chart. It has a shadow on the opening side but no shadow on the closing side.

Trader’s Behavior

A Green Closing Marubozu indicates that the buyers controlled the price action from the first trade to the last trade. The day opens and prices go slightly lower forming a lower shadow. This is followed by a rally that drives prices over the opening price, and the rally continues all day ending with a closing price equal to the high of the day. The bulls are very strong during the day except during the initial phase of the session.

This candlestick is generally bullish. However, its position within the broader technical picture is also important. It may show a potential turning point and suggests the fact that prices have reached a support level after an extended decline. If it is seen after a long and significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.

Green Opening Marubozu

This candlestick represents extreme bullishness and it is characterized with a long green body that has an upper shadow but no lower shadow.

Recognition Criteria

1. The body of the candlestick is green and long.

2. There is no lower shadow.

Candlestick Requirements and Flexibility

The green body of the candlestick should be longer relative to the other candlesticks on the chart. It has a shadow on the closing side but no shadow on the opening side.

Trader’s Behavior

A Green Opening Marubozu indicates that buyers controlled the price action from the first trade to the last trade. The day opens and prices continue to go up all day long without looking back, thus forming a long green day with no lower shadow. However, the day does not close at the high of the day, and thus creates an upper shadow.

The candlestick is generally bullish. However, its position within the broader technical picture is also important. It may show a potential turning point and that prices have reached a support level after an extended decline (Bullish Belt Hold Pattern). If it is seen after a long and significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.

Green Marubozu

This candlestick represents extreme bullishness and is characterized by a long green body having no shadows on either end.

Recognition Criteria

1. The body of the candlestick is green and long.

2. There are no upper or lower shadows.

Candlestick Requirements and Flexibility

The green body of the candlestick should be longer relative to the other candlesticks on the chart. Shadows should not exist.

Trader’s Behavior

A Green Marubozu simply means that the opening price is equal to the low of the day, and the closing price is equal to the high of the day. This shows that the buyers controlled the price action from the first trade to the last trade. The day opens and prices continue to go up all day without looking back, thus forming a long green day with no lower shadow. The day also closes at the high of the day with no upper shadow.

This candlestick is generally bullish. However, its position within the broader technical picture is also important. It may show a potential turning point and suggest that prices have reached a support level after an extended decline. If it is seen after a long and significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.

Long Green Candlestick

This candlestick implies relatively strong buying pressure, and shows that prices advanced during the day significantly from open to close and the buyers were aggressive.

Recognition Criteria

1. The body of the candlestick is green and long.

Candlestick Requirements and Flexibility

The green body of the candlestick should be longer relative to the other candlesticks on the chart. The lengths of the shadows are not important.

Trader’s Behavior

This candlestick is generally bullish. However, its position within the broader technical picture is also important. It may show a potential turning point and suggest that prices have reached a support level after an extended decline. If it is seen after a long and significant rally, it may point to excessive bullishness, and that prices are at dangerously high levels. Still, the candlestick alone is not reliable enough to decide the direction of the markets, since it reflects only one day’s trading.

Green Candlestick

This candlestick implies normal buying pressure, and shows that prices advanced during the day from open to close and the buyers were in control.

Recognition Criteria

1. The body of the candlestick is green with normal length.

Candlestick Requirements and Flexibility

The green body of the candlestick should be of average length. The shadows’ length is not important.

Trader’s Behavior

This candlestick alone is not reliable enough to decide about bullishness, since it reflects only one day’s trading that was under buyers’ control. It may show the continuation of a trend as well as the reversal. Other neighboring candlesticks must be taken into consideration for a decision regarding market direction.

Short Green Candlestick

This candlestick implies a relatively weak buying pressure with a limited price movement.

Recognition Criteria

1. The body of the candlestick is green and small.

Candlestick Requirements and Flexibility

The green body of the candlestick should be small. The lengths of the shadows are not important.

Trader’s Behavior

This candlestick alone is not reliable enough to decide about bullishness since it reflects only one day’s trading. It may show the continuation of a trend as well as a reversal. Other neighboring candlesticks must be taken into consideration for a healthy decision regarding the market direction.