Spinning top


    Spinning topThe spinning top is a chart pattern that indicates indecision between buyers and sellers.

    On the chart, the candles have very small bodies with long wicks with similar lengths, both on the top and on the bottom.

    The small body shows that there was no clear direction of price, while the wicks show that neither the buyers nor the sellers could gain control.

    At the end of an uptrend, a spinning top (1) usually indicates that there are not many buyers left to push the price higher, indicating a reversal.

    Spinning Top pattern 1

    At the end of a downtrend, a spinning top (2) usually indicates that there are not many sellers left to push the price lower, so price movement might reverse.
    spinning top pattern 2