Key Takeaways
Spinning Top
Small body with upper and lower shadows that are longer than the body. Shows indecision but less significant than doji.
Market Psychology
Neither side established control. Small body shows limited conviction from either buyers or sellers.
Candle Structure
Trading Setup Example
Entry, stop loss, and take profit levels.
Always wait for pattern confirmation before entering a trade.
Where This Pattern Appears
Trend context and market position.
Signals market indecision - wait for confirmation.
How to Identify
Small real body (any color)
Upper and lower shadows longer than the body
Shadows are relatively equal in length
Body is in the middle portion of the range
Confirmation Signals
Trading Strategy
š„ Entry
Requires additional confirmation signals
š Stop Loss
Not a standalone trading pattern
šÆ Take Profit
Use with other analysis tools
āļø Risk/Reward
1:1.5
Common Mistakes to Avoid
Pro Tips
Best Timeframes
Pattern Variations
Educational Disclaimer
This content is for educational purposes only and does not constitute financial or investment advice. Trading involves significant risk and you may lose your capital. Always consult a licensed financial advisor before making investment decisions.
Frequently Asked Questions
Related Learning Resources
Related Patterns
Doji
Open and close are virtually the same, creating a cross or plus sign. Signals market indecision and potential reversal.
Long-Legged Doji
Doji with very long upper and lower shadows, showing extreme indecision with wide price swings but no resolution.
High Wave Candle
Very long upper and lower shadows with a small body. Similar to long-legged doji but with a small body instead of none.