Spinning top
Small body, wicks both sides
What it is
A small body sitting between two comparable wicks. Price traveled in both directions and settled near the middle.
What it may suggest
Balance, and usually falling conviction. A cluster of them often precedes a volatility expansion.
Where it fails
On its own it is a description of chop, not a signal. Several in a row is a reason to wait rather than to position.
More candlesticks
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