Spinning top

Spinning top is a candlestick that features a small body and a long shadow. This signifies that the current trend has lost its momentum and is undergoing a period of indecision. A spinning top usually forms on the peak of an ongoing trend. However, once this candlestick formation is formed, it shoud not be used as a final confirmation of a trend reversal and should be used with other technical indicators.

Stocks | Forex | Options | Economics | Bonds | History | Language learning | Technology | Technical Analysis | Fundamental Analysis
Copyright © 2014 econtrader | Risk disclosure | Terms of Use