Spinning Top
Oct 06, 2014 at 06:46
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6 Replies
Member Since Jul 31, 2009
1444 posts
Oct 06, 2014 at 06:46
Discuss the Spinning Top pattern here.
forex_trader_296674
Member Since Jan 08, 2016
1 posts
May 01, 2016 at 06:42
what chance of gbpjpy again
Feb 23, 2017 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 )
Helping new traders
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