Community Forex Questions
What is a spinning top?
A candlestick pattern with a short real body that is vertically centered between long upper and lower shadows is known as a spinning top. Typically, the spinning top candlestick pattern denotes market uncertainty and, as a result, buyer and seller indecision.

The Forex spinning tops are named after them simply because they share the same body structure.

When you notice the top spinning candlestick pattern, there are two general rules to keep in mind:

If a spinning top candlestick pattern appears during an upward trend, it usually indicates that there aren't many buyers left and that a bearish reversal pattern in direction is possible.
If a spinning top forms a candlestick formation during a downward trend, this usually means there aren't many sellers left and a possible bullish reversal pattern in direction could occur.

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