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Spinning Top

Neutral Single Candlestick Pattern

Spinning Top - Neutral Single Candlestick Pattern

Pattern Overview

  • Bias:

    Neutral
  • Type:

    Single Candlestick Pattern

Description

Candle with a small body and long upper and lower wicks.

Meaning

Shows indecision between buyers and sellers. Common in both up and downtrends; signals potential reversal or pause.

What is the Spinning Top candlestick pattern?

A Spinning Top is a candlestick with a small body and long upper and lower wicks, indicating that the market has fluctuated significantly but ultimately closed near its opening price. This pattern often points to a moment of indecision, where both buyers and sellers are active but neither dominates. Spinning Tops are commonly found within both uptrends and downtrends and can suggest that a trend is losing momentum.

For traders, a Spinning Top provides a valuable insight into market psychology, as it hints that the prevailing sentiment may be weakening. While Spinning Tops alone aren’t always definitive, they can serve as a precursor to larger moves if the following candles confirm a shift in sentiment. If you’re interested in enhancing your understanding of candlestick psychology, The Chart Guys offer extensive resources and community support, ideal for anyone serious about mastering technical analysis.

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