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Spinning Top Candlestick Pattern - Forex Trading

Spinning Top Candlestick Pattern

Spinning Top Candlestick Pattern

 

1.Short Real Body.

2.Real body is Centre in position that means upper shadow and lower shadow more or less is same length.

3.Spinnig top indicates that the bulls/bears are loosing momentum.

4.It is bullish reversal after the end  downtrend momentum.

5.It is bearish reversal after the end of uptrend momentum.

 

 

 

 

 

Only one candlestick pattern is not enough for trade confirmation. When you found one spinning top to near the key level(Support/resistance) it will increase the probability of trade winning chance.

When it is near the resistance level we can find short(sell) entry level. When it appears near the support line, it will another great opportunity to long(buy) entry. More spinning top appears on the same level indicate the losing of current momentum. 



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