CFD France40 Candlestick
Spinning top means future trade timing this is similar doji cross.
After opening the prices hovers just around the opening price with a small range.
At the end of the time period the stock closes near the open price.
This pattern forms when there’s indecision among the buyers and sellers in the uptrend, downtrend, or sideways trend. The pattern suggests a possible change in trend. but,spinning top occur then not trade real time.
The perception of the market changes. So the prices moves in the opposite direction. This is very important.
The stock opens and moves in one direction to some extension.
At its extreme the perception again changes. The price moves towards the opening price and closes near it.
If a spinning top formation is found after a prolonged uptrend, it suggests that the bulls are losing interest in the stock and that a reversal occur.
On the other hand, if this formation is found in an defined downtrend, it suggests that the sellers are losing conviction and that a bottom may be forming.
Spinning Top after an uptrend or a downtrend, it is signal that a reversal is on the way. and that lost momentum could signal that the market has changed its tune.
So this is reason not trade real time
spinning top occur then wait
you can take profit
CFD France40 Candlestick
