Spinning Top

A spinning top candlestick is a candlestick pattern in technical analysis that signals market indecision or uncertainty. It features a small real body with relatively long upper and lower shadows

Characteristics :

Small Real Body: The open and close prices are very close to each other, indicating that neither buyers nor sellers were able to gain control.

Long Upper and Lower Shadows: The long wicks show that there was significant price movement in both directions during the trading period, but ultimately, the price closed near its opening level.

Interpretation

Indecision: The spinning top suggests that there is a balance between supply and demand, with neither bulls nor bears able to dominate the market.

Potential Reversal: While it doesn’t always indicate a reversal, a spinning top can be seen near the end of an uptrend or downtrend as a sign that the current trend may be losing momentum, potentially leading to a reversal.https://myntr.it/QDZw0b5

Bullish Spinning Top

A bullish spinning top pattern that typically appears after a Strong downtrend and indicates potential indecision in the market, which could be a precursor to a reversal from bearish to bullish sentiment . its more effective near support and demand zone .

Example of bullish spinning top

In the example above, the sellers were driving the price lower. However, the appearance of a spinning top candlestick indicates that the sellers are losing momentum, and buyers are beginning to open positions. Following this, the price found support and moved upward.

A bullish spinning top is a candlestick pattern that suggests indecision in the market but, in certain contexts, can signal a potential reversal from a downtrend to an uptrend.

Key Characteristics of a Bullish Spinning Top:

• Small Body: The body of the candlestick is small, indicating that there was little difference between the opening and closing prices.
• Long Wicks (Shadows): Both the upper and lower wicks (shadows) are relatively long, showing that both buyers and sellers were active during the session.
• Context: It typically forms after a downtrend and can signal that the selling pressure is weakening, with buyers stepping in, though neither side is yet in full control.

Interpretation:

• The spinning top shows indecision because neither buyers nor sellers dominated the market.
• In a downtrend, if a bullish spinning top appears, it suggests that the downward momentum may be losing steam, and a reversal to the upside is possible.

Bearish Spinning Top

A bearish spinning top pattern that typically appears after a Strong uptrend and indicates potential indecision in the market, which could be a precursor to a reversal from bearish to bullish sentiment . its more effective near resistance and supply zone

In the example above, the buyers were driving the price higher. However, the appearance of a spinning top candlestick indicates that the buyers are losing momentum, and sellers are beginning to open short positions. Following this, the price found resistance and moved downward.

A bearish spinning top is a candlestick pattern that indicates market indecision but can suggest a potential reversal from an uptrend to a downtrend. Like the bullish spinning top, the bearish version shows that neither buyers nor sellers are fully in control. However, when it appears after an uptrend, it can signal that the bullish momentum is weakening and that a reversal may be on the horizon.

Key Characteristics of a Bearish Spinning Top:

• Small Body: The body of the candlestick is small, meaning the opening and closing prices are close to each other.
• Long Upper and Lower Shadows: The wicks (shadows) on both sides are relatively long, showing that the price fluctuated significantly during the session.
• Context: It typically forms after an uptrend, signaling that buyers are losing control and sellers may soon dominate.

Interpretation:

• The spinning top candlestick shows indecision between buyers and sellers. The long wicks suggest both sides pushed the price significantly in both directions but ultimately could not take control.
• In an uptrend, if a bearish spinning top forms, it can indicate a possible weakening of the bullish momentum and a potential reversal.