What is Spinning Top Candlestick Pattern ?
The #Spinning Top candlestick pattern is a popular technical analysis tool used by traders to identify potential price reversals. It is a #single candlestick pattern that represents a period of indecision in the market.
The #Spinning Top candlestick pattern is a single candlestick pattern that has a small body with long upper and lower shadows. The #body of the candlestick is typically small and is located in the middle of the overall range of the candlestick.
The Spinning Top Candlestick can be #bullish and bearish, depending upon the reference zone where it formed. This represents the, #Reversal Signal or Continuation of the Market.
How to Trade it ?
You should note use Spinning Top stand-alone, Always use it with a reference point, like Support or Resistance or any major level. You can trade this, if it forms with a reference point and break the High or Low of the candle.
The #Spinning Top candlestick pattern is a popular technical analysis tool used by traders to identify potential price reversals. It is a #single candlestick pattern that represents a period of indecision in the market.
The #Spinning Top candlestick pattern is a single candlestick pattern that has a small body with long upper and lower shadows. The #body of the candlestick is typically small and is located in the middle of the overall range of the candlestick.
The Spinning Top Candlestick can be #bullish and bearish, depending upon the reference zone where it formed. This represents the, #Reversal Signal or Continuation of the Market.
How to Trade it ?
You should note use Spinning Top stand-alone, Always use it with a reference point, like Support or Resistance or any major level. You can trade this, if it forms with a reference point and break the High or Low of the candle.