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Spinning Top
Staff

Member Since Jul 31, 2009  1353 posts Ethan (Staff) Oct 06 2014 at 06:46
Discuss the Spinning Top pattern here.

Oakmanor1

Member Since Feb 24, 2016  2 posts Jeffrey Olsen (Oakmanor1) Apr 09 2016 at 10:39
Am I Talk with you Ethan?

let your profits run and cut your dog short
Oakmanor1

Member Since Feb 24, 2016  2 posts Jeffrey Olsen (Oakmanor1) Apr 09 2016 at 10:39
What Spinning Top pattern

let your profits run and cut your dog short
MS123

Member Since Jan 08, 2016  1 posts MUKESH KUMAR YADAV (MS123) May 01 2016 at 06:42
what chance of gbpjpy again

MK YADAV
rasel_57

Member Since Aug 03, 2016  1 posts Rasoul Yari (rasel_57) Oct 09 2016 at 06:26
I will get call margin cry

kerstin71

Member Since Feb 04, 2017  23 posts kerstin71 Feb 07 at 07:52
I found Spining Top candle are very strong signal for revarse every time I traded. I love them most after Pin bar

raspug

Member Since Aug 07, 2016  9 posts Marsso Benali (raspug) Feb 23 at 07:59
kerstin71 posted:
I found Spining Top candle are very strong signal for revarse every time I traded. I love them most after Pin bar


But, this candle is often regarded as neutral and used to signal indecision about the future direction of the underlying asset.

'If a spinning top formation is found after a prolonged uptrend, it suggests that the bulls are losing interest in the stock and that a reversal may be in the cards. On the other hand, if this formation is found in an defined downtrend, it suggests that the sellers are losing conviction and that a bottom may be forming'.

kerstin71

Member Since Feb 04, 2017  23 posts kerstin71 Feb 23 at 12:18
raspug posted:
kerstin71 posted:
I found Spining Top candle are very strong signal for revarse every time I traded. I love them most after Pin bar


But, this candle is often regarded as neutral and used to signal indecision about the future direction of the underlying asset.

'If a spinning top formation is found after a prolonged uptrend, it suggests that the bulls are losing interest in the stock and that a reversal may be in the cards. On the other hand, if this formation is found in an defined downtrend, it suggests that the sellers are losing conviction and that a bottom may be forming'.


I never wait to trade after a spinning candle. Now, I want you to clarify something that you will only call a 'spinning' candle if its form at Support or resistant , (in between S/R are fake spinning candle, you should call them regular candle look like spinning )

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