Trade Stock Indices

Learn Stock Indices Trading

Reversal Stock Indexes Candlestick Patterns - Spinning Tops Indices Candlestick Pattern

Spinning Tops Candlesticks Pattern

Spinning tops candlesticks pattern have a small body with long upper and lower shadows. These spinning tops candlesticks pattern are referred to by this name because they are similar to spinning tops on a matchstick.


The upper and lower shadows of the spinning tops candlesticks patternare longer than the body. The example explained and illustrated below shows the spinning tops candlesticks pattern. You can look for the spinning tops candlesticks pattern in your MT4 stock indices charts. The example explained and illustrated below shows a screenshot to help indices traders when it comes to learning and understanding these spinning tops candlesticks pattern formations.

Spinning Tops Consolidation Indices Candlesticks Pattern

How to Read Candlestick Indices Trading Charts Pattern - Spinning Tops Stock Indexes Candlestick Pattern - How to Trade Spinning Tops Candlesticks Patterns - How to Analyze Spinning Tops Candlesticks Pattern



The color of the spinning tops candlesticks pattern is not very important, this formation show the indecision between the buyers and sellers in the Indices Trading market. When these spinning tops candlesticks patterns appear at the top of a indices trend or at the bottom of the indices trend it might signify that the indices trend is coming to an end and it might soon reverse and start going the other direction. However, it is best to wait for confirmation indices trading signals that the direction of a indices trend has reversed before trading the signal from this spinning tops candlesticks pattern formation.


Spinning Tops Candlestick Reversal Patterns Formations on indices trading Charts

At the top of an upward indices trend a black/red spinning top candlestick pattern shows that a indices trend reversal is more likely than when the color is white/blue.


At the bottom of a Indices Trading downward indices trend a white/blue spinning top candlestick pattern shows that a indices trend reversal is more likely than when the color is black/red.


This spinning top candlestick pattern reversal stock indices signal is confirmed when the next indices candlestick that forms after the spinning tops candlestick pattern closes below the neckline of the spinning tops candlestick pattern for a downward indices trend reversal stock indices signal confirmation, and closes above the neckline of the spinning tops candlestick pattern for a reversal stock indices signal in a indices downward trend.


The spinning tops candlesticks pattern neckline is:


  • For an Upward Indices Trend - The open of the previous candlestick that was drawn just before the spinning tops candlestick pattern.

  • For a Downward Indices Trend - The open of the previous candlestick that was drawn just before the spinning tops candlestick pattern


Below is an example of this Japanese candlestick indices charting techniques where this spinning tops candlesticks pattern has formed and how to trade it. On the stock indices chart below when the stock indexes price moved above the neckline the indices trend reversal stock indices signal given by the spinning tops candlestick pattern was confirmed and this was a good point to exit the short sell indices trade.

How to Trade Spinning Tops Candlesticks Patterns

Spinning Tops Candlesticks Pattern on a Chart - Spinning Tops Stock Indexes Candlestick Patterns - Spinning Tops Consolidation Stock Indexes Candlesticks Pattern - Reversal Stock Indexes Candlestick Patterns - Spinning Tops Candlesticks Patterns


The color of the spinning tops candlestick pattern formed is blue therefore meaning that a indices trading reversal was more likely as opposed to if the color of the spinning tops candlestick pattern had been red.

 

Forex Seminar Gala


Forex Seminar




Broker