--------- learning candle pattern ----------
đđ Bullish Spinning Top
The Bullish Spinning Top is a candlestick that shows market indecision but with a slight bullish bias. It has a small real body, located in the middle of long upper and lower shadows, reflecting hesitation after a downward push.
The body is small, showing limited net change in price. The shadows are long, suggesting active trading within the session but an eventual settlement close to the middle.
Psychologically, the Bullish Spinning Top shows that bears initially pushed prices lower, but buyers recovered enough to close the candle green. This recovery creates the impression that downward momentum is weakening.
Confirmation comes from subsequent candles closing higher than the spinning topâs high. Strong volume on the confirmation day increases the reliability of the bullish outlook.
Summary of Bullish Spinning TopPattern NameBullish Spinning TopPattern TypeWeak bullish reversal / indecisionCharacteristicsSmall green body (10â25% of range), upper and lower shadows roughly equal, showing balance but slight buyer edge.Preceding TrendTypically after a downtrend or pullback; stronger if it appears at support.ExpectationBuying interest emerging but not dominant; reversal requires confirmation.Trade Entry PointBuy-stop 0.1â0.3% above high only if next candle confirms with bullish close and volume > 120% of average.Stop LossBelow spinning top low or 1Ă ATR(14) under entry.Price TargetNearest swing high first; scale at 1.5â2R multiples. Trail with EMA(8/20) for gradual reversals.
According to Liberated Stock Traderâs analysis of 9,894 trades, Spinning Top patterns delivered a success rate of approximately 55.9%, suggesting that confirmation is essential for consistent results.
