🔥🔥SPINNING TOP CANDLESTICK PATTERNS🔥🔥
The Spinning Top candlestick pattern is a neutral pattern that indicates indecision in the market. It forms when the opening and closing prices are close to each other, with a small body, and a large range between the high and low prices.
Here are some key points to consider:
- The Spinning Top pattern indicates indecision and a balance between buyers and sellers.
- The pattern has a small body, with a large range between the high and low prices.
- The color of the body is not important, as the pattern is neutral.
- The Spinning Top can appear in both uptrends and downtrends.
- The pattern suggests that the market is indecisive and may be preparing for a reversal or continuation.
- Traders often use the Spinning Top as a warning sign that the trend may be losing momentum.
- The pattern is not a strong reversal signal on its own, but it can be used in combination with other technical indicators to confirm a reversal.
The Spinning Top candlestick pattern looks like this:
```
_______
/ \
| Small |
_______/
| |
| Long |
| |
```
Note that the small body can be either bullish or bearish, and the pattern is still considered neutral.