White Spinning Top Candlestick Definition and Tactics

What is a White Spinning Top Candlestick?

White spinning top is a type of candlestick where the open and close are very close to each other and we have upper and lower shadow. They have small body with almost equal shadows.

Underlying Psychology of White Spinning Top

There were many market participants buying and selling the underlying stock at any price during the session and due to this continuous buying/selling price couldn’t move in any direction and closed just above the open price.white spinning top represent the indecision in market where bulls have slight upper hand.

Example of How to Use White Spinning Top

How to Trade White Spinning Top

Decision: Since white spinning top are neutral,traders should wait for market direction. If price breaks decisively upward,they should buy and if price breaks downward,they should start looking for selling opportunities.

Stop loss: If its a buy then low of candle will act as stop-loss. In case of sell , high of candle will act as stop-loss.

Main Points to Consider

Beginner in candlestick? checkout below

All the math you need in the stock market you get in the fourth grade.

Peter Lynch

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