Spinning Tops

When the candlesticks have a long upper shadow, long lower shadow and small real bodies, they are called spinning tops. The color of the real body signifying not much importance, this basic pattern in Forex candlestick indicates the indecision between the buyers and sellers. Let us look in details on the Spinning Tops Candlestick patterns.

The White Spinning Top candle is a single candlestick pattern, with a small white body. You will see that the upper and lower shadows that have a greater length than the body's length. The white spinning top pattern shows that the market moving higher and then sharply lower, or vice versa, closes above the opening price. Thus, creating a white body, representing complete indecision between the bulls and the bears.

The White Spinning Top observed after a long rally or a long white candlestick, communicates weakness among the bulls. But if it is observed after a long decline or a long black candlestick, this shows weakness among the bears. Like in most cases, the White Spinning Top candle needs to be used with other candlesticks for the right confirmation of a trend.

With a small black body with upper and lower shadows having a greater length than the body's length, the Black Spinning Top candle signifies that the market moves higher and then sharply lower, or vice versa. Closing below the opening price, it creates a black body, representing complete indecision between the bulls and the bears.

If a Black Spinning Top is observed after a long rally or long white candlestick, this means weakness among the bulls and warns about a potential change or interruption in trend. But if a Black Spinning Top pattern is observed after a long decline or a long black candlestick, this signals weakness among the bears and warns about a potential change or interruption in trend.