Huntraders | Neutral Spinning Top candle

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Neutral Spinning Top candle

Using candlestick patterns is the most popular illustration technique today. With their help it is easier to recognise trend reversals and to calculate future price movements. It is essential to understand candlesticks for successful trading.

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Definition

Neutral Spinning Top is a single candle. It has a small black or white body with both top and lower shadows. Both shadows are longer than the body.

Trend: Reversal
Expected trend: Neutral
Previous trend: Neutral
Reliability: Low
Type: Neutral
Number: 1

Recognition

The body of the candle is small.
The shadows are longer than the body.

Interpretation

The share price starts to increase and the drops (or vice versa). The market is dominated by uncertainty. The actual length of the shadows is not important. The body of the Neutral Spinning Top candle is much shorter than its shadows.

Important factors

Neutral Spinning Top means a possible change into an ascending/inclining trend if the candle appears in a long-term trend, or after a candle with opposite colour. Neutral Spinning Top has a low reliability. It only reflects the trading of one day and it can signal both the continuation or the reversal of a trend.

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