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Spinning Top, A classic toy that we all have played with when we were kids. however, today in this article I am going to cover the Spinning Top candlestick pattern that you can use in your trading strategy to find good signals and place high-quality trades.

What is the Spinning top candlestick Pattern?

A spinning top candlestick pattern is the best candlestick pattern to identify an upcoming trends and reversals. The pattern looks very much similar to a Spinning top that has a small body with a big shadow. This pattern usually appears near the Support and resistance level or after a good big trend.

Key points about Spinning top candlestick pattern

• The Spinning top pattern suggests a state of equilibrium between buyers and sellers, that signals an indecision in the market.

• The Spinning top candlestick pattern has a short body with a big long shadow. The distance between the opening price and the closing price of the security is minimal.

• This candlestick pattern usually appears near the support or resistance level. The appearance of the pattern signals the upcoming trend and reversal.

• When the Spinning top candlestick pattern appears after a big downtrend, It signals an upcoming bullish trend and vice versa when the Spinning top candlestick pattern appears after a big uptrend, it signals an upcoming bearish trend

How to use Spinning top candlestick Pattern in Expert Option Trading?

As I said above Spinning Top candlestick Pattern usually appears at the top or bottom of the trend. The colour of the candle does not usually matters. You just need to spot a candle with a short body and long shadow. Now, let’s check out some examples

When you see the spinning top candlestick pattern after a big uptrend it signals an upcoming bearish trend.

Given above is a 1 hour chart of Bitcoin and we can clearly see the spinning top candlestick pattern appears after a good uptrend. here, we can place a 1-hour downtrend, as it signals an upcoming bearish trend.

When you see the spinning top candlestick pattern after a downtrend it signals an upcoming bullish trend.

Similarly, Given above is a 1-hour chart of Bitcoin and we can clearly see the spinning top candlestick pattern after a good downtrend. here, we can place a 1-hour uptrend, as it signals an upcoming bullish trend.

Summary

The Spinning top is a candlestick pattern inspired by the shape of a classic toy that we all used to play with. The spinning top candlestick pattern is the best candlestick pattern to find the upcoming Trends and reversals. This pattern has a big shadow with a small body. The pattern usually appears at the top or bottom of the trend. The colour of the spinning top candle does not really matter. You just need to spot a candle with a short body and long shadow. when you see the spinning top pattern after a big downtrend it signals an upcoming bullish trend. vice versa when you see the spinning top pattern after a big downtrend it signals an upcoming bullish trend. I will suggest you try this candlestick pattern on the Expert Option trading account for free. Click here to Join now.