Spinning Tops Candlestick Pattern - How to Trade Spinning Tops Candlesticks Patterns

Spinning Tops Candles Pattern

Spinning tops candles pattern have a small body with long upper & lower shadows. These spinning top candlesticks pattern are referred by this name because these candlestick 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 illustrated and shown below shows spinning top candlesticks pattern. You can look for the spinning tops candles pattern in your MT4 commodity charts. The example shown below shows a screenshot to help commodity traders when it comes to learning and understanding these spinning tops candlesticks pattern formations.

How to Read Candle Charts Pattern - Spinning Tops Candle Pattern - How to Trade Spinning Tops Candlesticks Patterns - How to Interpret Spinning Tops Candlesticks Pattern

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

Spinning Top Candle Reversal Patterns Formations on commodity trading Charts

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

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

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

The spinning tops candles pattern neck line is:

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

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

Spinning Top Candles Pattern on a Chart - Spinning Tops Candlestick Patterns - Spinning Tops Consolidation Commodities Candles Pattern - Reversal Candlestick Patterns

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