Advantages

  • A spinning top has a small real body, which indicates that there was little price movement during the trading period.
  • The shadows are longer than the body. These shadows represent the high and low prices during the trading period, and their similarity suggests that both buyers and sellers were active.
  • The spinning top candlestick pattern signals indecision in the market, as neither buyers nor sellers were able to take control of the trading period.
  • If it occurs at the end of a downtrend, it may indicate a bullish reversal, and if it appears at the end of an uptrend, it may signal a bearish reversal.