Term

Spinning top

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Spinning tops are market indecision candles, they usually show the strength on each side. Unlike a Doji where the body would be so small that it looks like a line, spinning top is characterised by a candle with wicks on both sides of the body. The wicks are usually longer in relation to the body. This candle usually is a rejection candle especially when forms at either support or resistance. It becomes a warning that the price might reverse, but there has to be more strength from one party to sway the prices in a different direction.

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