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What is a spinning top candlestick pattern?

The wide part of the candlestick is called the "real body" and tells investors whether the closing price was higher or lower than the opening price. The spinning top candlestick pattern represents indecision and uncertainty about the future course of an asset.

What is a spinning top?

A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The real body should be small, showing little difference between the open and close prices.

Is a spinning top a neutral pattern?

Similar to a doji pattern, a spinning top is considered a neutral pattern, although many do end in reversals. This candlestick formation signals indecisiveness amongst buyers and sellers, as neither of these sides has the upper hand, which is why it is classified as a neutral pattern.

What are the chances of buying a spinning top Candlestick?

Even then, the chances are still almost 50/50. Small Body: The main characteristic of a Spinning Top candlestick is its small body. This suggests there is little difference between the opening and closing prices, indicating indecision or a stalemate between buyers and sellers.

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