The Spinning Top candle is one of the Japanese candlesticks that indicates a state of indecision and balance between buyer and seller forces, reflecting market uncertainty.
How to recognize it?
• Small body (which can be green or red, indicating a slight difference between the opening and closing prices).
• Long upper and lower shadows that are approximately equal in length (indicating significant volatility during the session).
It resembles a Doji candle, but its body is slightly larger.
What does it mean? It represents market volatility and its inability to determine a clear direction. It is often a sign of weakening the current trend and may precede a reversal or continuation in consolidation.
The market is in a state of confusion! 🤷♂️
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