Spinning Tops
Spinning tops are candles that have similarly-sized high wicks and low wicks that are usually larger than the body and will often be a little bit more indecisive. For the sake of poetry, let’s call them candles of indecision. In these candlesticks, the powers of the buyers and the sellers are almost equal. Although no one is in control of the price, the fight continues on. Usually the volume is lower in these candlesticks as traders are waiting to see who wins the fight between the sellers and the buyers. Trends in price can change immediately after indecision candles and they therefore are important to recognize in the price action.
Buying and selling pressure definition on spinning top candlestick.
Formation of spinning top candlestick for reversal trends.