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What is a Spinning Top?
The top type is a candle with similarly long upper and lower tails and a small body. Like a spinning top maintaining balance, it indicates a state in which buying and selling forces are tightly balanced.
Spinning Top
⚪ Neutral
The top type is a neutral signal with no direction. However, depending on which trend it appears within, it can be a very important warning signal.
Difference between top type and doji
| top type | Doji | |
|---|---|---|
| Torso | Small but available | None (opening price = closing price) |
| meaning | Balance (weak trend) | Perfect Balance |
| signal strength | ⭐⭐ | ⭐⭐⭐ |
Doji is a stronger neutral signal. The top type appears more frequently, and the doji type is a stronger warning.
The key to top shape: location determines meaning
Top pattern at the high point of an uptrend
Meaning: Buying momentum is running out
Message: “I don’t have the strength to go up any stronger.”
Response: Consider taking profits from some existing long positions
If the next bar falls, watch out for a big correction.
Top shape at the bottom of a downward trend
What it means: Selling pressure is running out.
Message: “I don’t have the strength to go down any stronger.”
Response: Consider liquidating some short positions
Wait for reversal candle pattern
Top type in sideways section
What it means: A market without direction.
Response: Wait and see. Check out the Bollinger Squeeze together
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Top-type utilization strategy
Do not enter the top type alone. Decide by looking at the direction of the next rod.
Top next bar strategy:
- Confirm appearance of top type → Wait
- If the next bar is strongly rising: upward trend continues → long opportunity
- If the next bar is strongly downward: downward reversal begins → short opportunity
- Next peak type: continue to wait and see
High Wave Candle
An extreme version of the top type. A top-shaped type with very long upper and lower tails. Indicates extreme uncertainty and often appears just before a large directional change.
Related guides
- Differences from Doji Candle →
- Morning Star Pattern (reverse after top type) →
- Bollinger Band Squeeze →
- Liquidation price calculator →
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