Have you ever played a spinning top during your childhood days? If you are then it only tells that you are already an old person. Anyway, this is a classic type of toy where you can spin it by pulling the string that has been winded around the top. It's really an interesting toy but I'm sure that most of the younger generations these days doesn't know how to play it.
With regards about Forex, the Spinning top is a positive indicator for trend reversal. It has been named after the toy since they do have some similarity in appearance. Just make use of your imagination and you will be able to form the image within your own mind.
The body of this type of Candlestick is small which means that the open and the close price are almost near at the same level. It can be encountered with any type of body color. Finally, you have to take note that seeing this type of candlestick on your chart means that the market has less direction to move.
With regards about Forex, the Spinning top is a positive indicator for trend reversal. It has been named after the toy since they do have some similarity in appearance. Just make use of your imagination and you will be able to form the image within your own mind.
The body of this type of Candlestick is small which means that the open and the close price are almost near at the same level. It can be encountered with any type of body color. Finally, you have to take note that seeing this type of candlestick on your chart means that the market has less direction to move.
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| The Spinning Top |
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