Spinning Top Candlestick Formations
Candlesticks with a long upper shadow, long lower shadow and small real body are called spinning tops.
The long shadow represents a possible reversal. spinning tops represent a lack of cerainty on direction.
A spinning top is a trend reversal signal. It can appear at the end of a bullish trend as well as at the end of a bearish trend.
Spinning tops have small bodies and are similar to Doji, but since the bulls and bears are not in complete agreement, it is a less
Trading Psychology
1.It is a sign of trend indecisiveness and a weakness to the strength of a trend signaling a possible trend reversal.
2. At a certain level there was no more buyers indicating the perception that this was no longer an attractive price. Sellers did not enter aggressively enter showing haste and uncertainty.
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