Spinning Top Candlestick PatternThe spinning top candle is known as an indecision candle because it appears when buying and selling pressure is relatively even reflecting an indecisive mood in the market. When you see a spinning top after a market run in either direction it could be a signal for a reversal at some point soon. Candle pattern formations are known as "leading edge" indicators because they tend to predict market turns before they happen as opposed to technical indicators which are used to confirm reversals. Many traders rely solely on Patterns like hanging man to base their trading decisions. The video below illustrates a spinning top candlestick pattern.
To learn how to trade all of the Japanese candlestick patterns, go HERE.
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