Spinning top candle
Spinning top is a Japanese candle stick pattern with a short body found in the middle of two long wicks. A spinning top is indicative of a situation where neither the buyers nor the sellers have won for that time period, as the market has closed relatively unchanged from where it opened; the market is indecisive regarding its trend. The upper and lower long wicks, however, tell us that both the buyers and the sellers had the upper hand at some point during the time period the candle represents. When a spinning top forms after a run up or run down in the market, it can be an indication of a pending reversal, as the indecision in the market is representative of the buyers losing momentum when this occurs after an uptrend and the sellers losing momentum. after a downtrend.
The Difference Between a Spinning Top and a Doji
Spinning tops and dojis both represent indecision. Dojis are smaller, with small real bodies and small upper and lower shadows. The spinning top has long upper and lower shadows. Both patterns occur frequently and are sometimes used to warn of a reversal after a strong price move. Both types of candlesticks rely heavily on confirmation. A strong move after the spinning top or doji tells more about the new potential price direction than the spinning top or doji itself.
Limitations of Using the Spinning Top
Spinning top candlesticks are common, which means many of the patterns witnessed will be inconsequential. Since assets often have periods of indecision, this makes sense. Spinning tops frequently occur when the price is already moving sideways or is about to start
The Difference Between a Spinning Top and a Doji
Spinning tops and dojis both represent indecision. Dojis are smaller, with small real bodies and small upper and lower shadows. The spinning top has long upper and lower shadows. Both patterns occur frequently and are sometimes used to warn of a reversal after a strong price move. Both types of candlesticks rely heavily on confirmation. A strong move after the spinning top or doji tells more about the new potential price direction than the spinning top or doji itself.
Limitations of Using the Spinning Top
Spinning top candlesticks are common, which means many of the patterns witnessed will be inconsequential. Since assets often have periods of indecision, this makes sense. Spinning tops frequently occur when the price is already moving sideways or is about to start
Lower wick lower side extend hoti hai aur price ki lowest point ko represent karti hai. Jab market bearish hai aur price neeche jata hai, lekin phir wapis upar aa ke candle closing price ke paas hi hoti hai, toh lower wick banti hai. Isse yeh samajhna hota hai ke buyers price ko support kar rahe hain aur price reversal ho sakta hai. Spinning Top candle ke variations bhi dekhne zaroori hote hain. Kuch variations mein upper wick aur lower wick barabar ya kareebi lambai ki hoti hai, jisse spinning top ki shape kaafi clear hoti hai. Lekin kabhi kabhi upper wick ya lower wick badi hoti hai, jisse spinning top ki shape kharab ho jati hai. Is tarah ke variations ko bhi dhyan mein rakhna zaroori hai. Spinning Top candle ko samajhna zaroori hai kyuki yeh traders ko market ke future movements aur price reversals ke bare mein hint deta hai. Agar market mein spinning top pattern ban raha hai, toh yeh ek indecisiveness ka signal hai. Iska matlab hai ke market participants confused hain aur price direction ke liye clarity nahi hai. Yeh ek potential reversal signal bhi ho sakta hai, jisme market ka trend change ho sakta hai. Traders spinning top pattern ko dusre indicators aur price action ke saath combine kar ke interpret karte hain. Iske saath hi, is pattern ki reliability aur effectiveness ko samajhna bhi zaroori hai. Isliye, spinning top pattern ko study karna aur iski variations ko samajhna traders ke liye zaroori hai takay woh sahi trading decisions le sakein. 
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