Reversal Stock Candlestick Patterns - Spinning Tops Candle Pattern

Spinning Tops Candle Sticks Pattern

Spinning tops candles pattern have a small body with long upper & lower shadows. These spinning top candle-sticks pattern are referred by this name because these candle patterns are similar to spinning top spinning 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 candles pattern. You can look for the spinning tops candles pattern in your MT4 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 setups.

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

Spinning Top Candle Reversal Patterns Formations on Charts

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

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

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

The spinning tops candles pattern neck line is:

• For an Upwards Trend - The open of the previous candle that was plotted just before the spinning top candlestick pattern.
• For a Downwards Trend - The open of the previous candlestick that was plotted just before the spinning top candle pattern

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

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