Spinning top formation is characterised by the state when neither buyers nor sellers could gain the upper hand and the result seen is a standoff during the course of the day.

This candlestick pattern holds importance when this occurs after a long advance or long white candlestick, and its occurrence indicates that weakness is likely to occur as strength among the bulls is weakening and it may lead to a potential change or interruption in trend is likely to occur.

This candlestick pattern holds importance after a long decline or long black candlestick, which means that weakness is occurring among the bears and a potential change or interruption in trend is likely to occur.


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