Spinning Top Candle Meaning. Similar to a doji pattern a spinning top is considered a neutral pattern although many do end in reversals. However even confirmation doesnt.
They are different in nature compared to long candles which show the strength of the trend. Spinning tops are candles with very small bodies. The upper and lower long wicks however tell us that both the buyers and the.
It is versatile and mysterious because of its formation that can occur at the peak of an uptrend in the very middle of a trend or at the bottom of a downtrend.
The indecision of the spinning top candlestick is a sign of an upcoming trend reversal. However even confirmation doesnt. This candlestick formation signals indecisiveness amongst buyers and sellers as neither of these sides has the upper hand which is why it is classified as a neutral pattern. A spinning top chart pattern is a signal that neither buyers or sellers have control of price action in the time frame of the candle.