Hong Kong
2024-12-23 13:44
Industry3⃣Spinning Top (Indecision and Potential Reversal) ⚖
A Spinning Top candlestick has a small body and long upper and lower wicks, which indicates that there is indecision in the market.
Both buyers and sellers are trying to push the price in their direction, but neither side is able to control the market for long.
Key Point: When a Spinning Top appears after a strong trend, it usually signals a pause or potential reversal. It suggests that the market is taking a breather before making its next move.
Example: After a strong uptrend, a Spinning Top can indicate that the price might consolidate or reverse.
After a downtrend, it may suggest that selling pressure is easing and a potential bullish reversal could be on the horizon.
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3⃣Spinning Top (Indecision and Potential Reversal) ⚖
Hong Kong | 2024-12-23 13:44
A Spinning Top candlestick has a small body and long upper and lower wicks, which indicates that there is indecision in the market.
Both buyers and sellers are trying to push the price in their direction, but neither side is able to control the market for long.
Key Point: When a Spinning Top appears after a strong trend, it usually signals a pause or potential reversal. It suggests that the market is taking a breather before making its next move.
Example: After a strong uptrend, a Spinning Top can indicate that the price might consolidate or reverse.
After a downtrend, it may suggest that selling pressure is easing and a potential bullish reversal could be on the horizon.
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