Spinning Top Candle Explained (2024): Complete Trader's Guide
According to statistics curated by Tom Bulkowski, author of the “Encyclopedia of Chart Patterns”, the white spinning top and black spinning top candle patterns are rated 73rd and 69th in overall performance – and 1st and 2nd by frequency.
White Spinning Top - CandleScanner
There may be occasions where there is a problem in distinguishing the spinning top from a candle, i.e. Short White Candle, White Candle, Long White Candle and their black counterparts. The main difference is that the shadows in candles cannot be longer than the body.
What Is a Spinning Top Candlestick? - Investopedia
Sep 23, 2024 · Spinning top candlesticks are characterized by compact bodies and long upper and lower shadows, resembling a child's toy top. These formations occur when bulls and bears engage in a...
Black Spinning Top - CandleScanner
This article describes the Black Spinning Top basic candle. Interpretation of this candle is the same as of the White Spinning Top. See also our video!
Bulkowski on the White Spinning Top Candle Pattern
Dec 12, 2024 · White Spinning Top Candlestick: Example. The chart shows black and white spinning tops on the daily scale. The candle at A is a black spinning top because the body is black, small, and the candle has shadows taller than the body. This one occurs in a downward price trend, but the breakout is upward.
Bulkowski on the Black Spinning Top Candle Pattern
Dec 12, 2024 · Black Spinning Top Candlestick: Example. The chart shows black and white spinning tops on the daily scale. The candle at A is a black spinning top because the body is black, small, and the candle has shadows taller than the body. This one occurs in a downward price trend, but the breakout is upward.
34 Candlestick Patterns Explained in Detail - Option Alpha
May 31, 2023 · White real body candle that follows a black candle. The second white real body candle opens above the previous session’s body and has no lower or upper wick. The pattern shows a sharp trend reversal as the buying pressure of the second day demonstrates strength from the open of the candle to the close.
Spinning Top Candlestick: How to Trade the Spinning Top Pattern
Oct 11, 2024 · Analysts distinguish a few variations of this pattern: A white spinning top candlestick – a candle where the closing price is higher than the opening price. A black spinning top candlestick – a candle where the closing price is lower than the opening price.
BLACK SPINNING TOP - Candlesticker
Like most other single candlestick patterns, the Black Spinning Top has low reliability. It reflects only one day’s trading and can be interpreted both as a continuation or a reversal pattern. This pattern must be used with other candlesticks to confirm a trend.
Spinning Top Candlesticks: How To Read, Trade, & Profit
How to use spinning top candlesticks to find winning trades. Learn what spinning top candles reveal about past, current, and future price action.