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Spinning Top Candle Pattern Explained

From newtraderu.com

A spinning top is a single candlestick pattern that has a body in the middle of two longer wicks. A spinning top chart pattern is a signal that neither buyers or sellers have control of price action in the time frame of the candle. The spinning top candle shows that price ended up closer to the open or the close at the end of the time frame than to the extremes of the trading range, this shows the chart is indecisive for the current trend. The range of the candles long wicks shows volatility and how at different points in the time frame of the candle both buyers and sellers had control but both failed to follow ... (full story)

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