CANDLESTICK PATTERNS
145 CANDLESTICK PATTERNS || PAGE 11 || (21) Spinning Top (Bullish) ; (22) Spinning Top (Bearish)
(21) Spinning Top (Bullish):
A Spinning Top pattern involves a single candle indicating uncertainty in the market.
The candlestick itself is defined by a short body surrounded by long wicks.
If the price of a trade fluctuates a lot but the value of both Opening Price and Closing Price is vary close to each other , and between the High and Low price, then the Candlestick of that trade is called Spinning Top. It Can be of any color (Bullish or Bearish), many times Spinning Top is seen on the bottom of Downtrend Market and then it is Bullish Reversal signal.
Provided, if there is any strong Bullish Candlestick after that spinning top.
Tip : Wait for confirmation prior to entering trade.
If confirmed, place trade in desired direction.
(22) Spinning Top (Bearish):
many times Spinning Top is seen on the top of Uptrend Market and then it is Bearish Reversal signal.
Provided, if there is any strong Bearish Candlestick after that spinning top .
Tip : Wait for confirmation prior to entering trade.
If confirmed, place trade in desired direction.
A Spinning Top pattern involves a single candle indicating uncertainty in the market.
The candlestick itself is defined by a short body surrounded by long wicks.
If the price of a trade fluctuates a lot but the value of both Opening Price and Closing Price is vary close to each other , and between the High and Low price, then the Candlestick of that trade is called Spinning Top. It Can be of any color (Bullish or Bearish), many times Spinning Top is seen on the bottom of Downtrend Market and then it is Bullish Reversal signal.
Provided, if there is any strong Bullish Candlestick after that spinning top.
Tip : Wait for confirmation prior to entering trade.
If confirmed, place trade in desired direction.
(22) Spinning Top (Bearish):
A Spinning Top pattern involves a single candle indicating uncertainty in the market.
The candlestick itself is defined by a short body surrounded by long wicks.
If the price of a trade fluctuates a lot but the value of both Opening Price and Closing Price is vary close to each other , and between the High and Low price, then the Candlestick of that trade is called Spinning Top. It Can be of any color (Bullish or Bearish),many times Spinning Top is seen on the top of Uptrend Market and then it is Bearish Reversal signal.
Provided, if there is any strong Bearish Candlestick after that spinning top .
Tip : Wait for confirmation prior to entering trade.
If confirmed, place trade in desired direction.
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