analysis of Japanese candlesticks #3
Last time we looked at the hammer pattern, which symbolizes a trend reversal towards the growth of the market. By the way, the inverted hammer, strangely enough, says the same thing.
Today we will talk about a candle called a spinning top.
Spinning top. This is a neutral candlestick that often appears when a trend is reversed. However, if the trend continues, tops may form. It is important to keep an eye on the candles that form in the neighborhood. Visually, the spinning top is a figurine with a small body and small candles. This model looks like a children’s toy “spinning top”, hence the name.
* We recommend using H4, D1 timeframes when analyzing
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