Bearish Spinning Top

Bearish Spinning Top




Spinning top patterns can be a good sign of indecision starting to appear in the market due the long upper and lower wicks doesn’t result in any real change in price between the candle open and close.

The bearish Spinning top pattern is a lot like the bearish hammer in the sense that occurs during the end of an uptrend. This sort of formation can be associated with the bulls have ran out of steam, and the bears are ready to take over. However, when talking about whether the fight is over between the bulls and bears, as always it can be a tight battle.

During the course of a trading day, there might be a few Spinning top but there are certain characteristics to look out for when trying to spot a bearish Spinning top pattern.

bearish Spinning top pattern

 

 

We have a good example of the bearish spinning top pattern, the bulls have been in control for a while taking price higher, a struggle has taken place until finally the struggle is at stalemate, the bears overwhelm the bulls to take price down.

 

 

 

 

bearish Spinning top pattern

 

 

The bulls had been in control for a long time, price had been going their way, heading higher, a fighting match takes place, (notice the large wicks from the volatility) and bears have finally taken control of price and headed down.

 

 

 

 

 

bearish Spinning top pattern

 

 

Once again, the bulls have been showing how they’ve had control of price, a struggle has taken place and the bears have finally wrestled back control and taken price downward.

 

 

 

 

 

bearish Spinning top pattern

 

 

The bulls haven’t always had price going their way, the bears have shown some strength previously, however couldn’t quite take control, the bulls took price higher when finally, the bears wrestled back full control (notice the large wicks of battle above and below the candle) and then taken price down.

 

 

 

 

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