Forex Candlestick Spinning Top - A variation of Candlesticks Doji

Forex Candlestick Spinning top is a special kind of Doji that we saw in the last post on forex candlesticks. Like you saw in that post, ideally doji hs same open and close price, signifying no body, and good sized wicks on both the ends.

A spinning top is almost same except that the size of the body is few pips. The body size is still very  small, but it is bigger than forex candlesticks doji.

Look at the chart below

As you can see, the spinning top shows that a significant trend  may come to an end since there is a indecision in the market. But just like candlestick doji, the volatility in the market is known from the size of wicks. If the volatility is high, the wicksize is large.

So, needless to say, both spinning top and doji are important forex candlestick patterns