Spinning top is a Japanese candlestick pattern with a short body found in the middle of two long wicks. A spinning top is indicative of a situation where neither the buyers nor the sellers have won for that time period, as the market has closed relatively unchanged from where it opened; the market is indecisive regarding its trend.
✍The spinning top candle can bearish or bullish.
✍Formation of spinning top can be at end of bullish or bearish trend. It can also forms in a sideways price movement.
✍The directions of the price decides the next candle closing after the spinning top.
✍The weitage of candle is give to body or shadow is depending on the length of it. In the case of spinning top shadow is more preferential than body of candle.
✍The directions of trend or trend reversal depends on the next candle closing of the spinning top,closing above or below the lower or higher shadow.
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