Showing posts with label Spinning top. Show all posts
Showing posts with label Spinning top. Show all posts

Tuesday, 17 June 2014

Spinning top Candlestick Pattern

Spinning Tops Candlestick has an upper shadow, lower shadow
and has a small real body. Upper shadow and lower shadow are longer than the real body
Spinning Tops is a sign of the indecision between the buyers and sellers.
The small real body shows little movement from open to close, and the shadows be a sign of that both buyers and sellers were aggressive but nobody could gain the upper hand.

Spinning top Candlestick Pattern


Spinning top candlestick pattern signals a possible reversal in trend. When spinning top appears in an uptrend a reversal to the downside may be impending. When a spinning top seems in a downtrend there may soon be a reversal to the top.