Candlestick Patterns

Spinning Top Bearish

The Spinning Top Bearish is a bearish indecision pattern represented by one candle. It is decreasing and has a short body and long wicks on both sides. The Spinning Top Bearish can be considered as another type of Doji, and as previously mentioned, it is an indecision pattern. However, since it closes below its open, the candle decreases and the pattern has a higher likelihood to lead to falls in the price. Many traders use this pattern to detect signs of weakness during uptrends. Then, to proceed to close a position or open a short.

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