SPINNING TOP AND HIGH WAVE

SPINNING TOP AND HIGH WAVE

 

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A red or a green candlestick is formed with a small body. The size of shadows can vary. It is interpreted as a neutral pattern but gains more importance when it is part of other formations. when it comes in the bull market rally spinning top indicates the bulls are neutral bears take place of bulls and indicates the bears try to back in the market.the colour does not matter but red spinning top singal more bearish and green spinning top indicates more bullish.

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What is the difference between the spinning top and the high wave? In the spinning top, the shadows are relatively small and the candle has a very small range. When combined with low volume, traders may be expressing disinterest. colour does not matter

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See Example In a Chart

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