#TermoftheDay
- Spinning Top
Ankur Neshti explains Spinning top is a candle with its
wicks equally distributed from its body, while the body is comparatively
smaller. It can be considered as a neutral indicator because it can be bearish
or bullish. It indicates is indecisiveness.
Suresh Bhaskaran adds Spinning top is a candle with short body
and long shadow on both sides. It indicates indecisiveness as neither bulls nor
bears had control in the price movements.
Tanmoy Malik further says a spinning top is a type of
candlestick formation where the actual body is small despite a wide range of
price movement throughout the trading day. It is often regarded as neutral and
used to signal indecision about the future direction of the stock.
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