Spinning Tops Candle Patterns - Spinning Tops Consolidation Candlesticks Pattern

Spinning Tops Candlesticks Pattern

Spinning tops candles pattern have a small body with long upper and lower shadows. These spinning top candles 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 explained below shows the spinning top candles pattern. You can look for the spinning tops candles pattern in your MT4 stocks charts. The example illustrated and explained below shows a screenshot to help stocks traders when it comes to learning and understanding these spinning tops candlesticks pattern formations.

How to Read Candle Charts Pattern - Spinning Tops Candlestick Pattern - How to Trade Spinning Tops Candles Patterns - How to Analyze Spinning Tops Candles Pattern

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

Spinning Top Candlestick Reversal Patterns Formations on stocks Charts

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

The spinning tops candles pattern neckline is:

• For an Upward Stocks Trend - The open of the previous candle which was plotted just before spinning tops candle pattern.
• For a Downward Stocks Trend - The open of the previous candle which was plotted just before spinning tops 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 stock chart below when the price moved above the neckline the stocks trend reversal signal given by the spinning tops candlestick pattern was confirmed and this was a good point to exit the short sell stocks trade.

Spinning Top Candles Pattern on a Chart - Spinning Tops Candle Patterns - Spinning Tops Consolidation Candles Pattern

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