Bearish Spinning Top
Candlestick Pattern
Bearish Reversal
Candle Body
A very short body centered between two wicks. Also shows a small difference between the opening and closing price.
Candle Wick / Shadow
Long upper and lower wicks that are approximately the same length.
Candle Colors
A Bearish Spinning Top is red
Modus Operandi
Regarded widely as showing indecision in the market, one should note that the Bearish Spinning Top is much stronger in a trending market. What is important is that it signals a significant trend change. Usually, the Bearish Spinning Top forms at the top of an uptrend.
Fun Fact
A Spinning Top is also considered a neutral pattern, although often ends in a reversal.
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