Spinning Top in Forex

A spinning top is a candlestick with a small real body and noticeable upper and lower wicks.

It shows that price moved on both sides of the open but finished with relatively little distance between the open and close.

How to Recognise It

The body should be small compared with the candle's overall high-to-low range.

Both upper and lower wicks are visible, although they do not need to be exactly equal.

Unlike a doji, the open and close of a spinning top are separated enough to form a recognisable real body.

How to Read It

The candle suggests two-way activity and reduced directional conviction during that period.

After a strong trend or at an important level, that hesitation can become useful evidence. In the middle of random consolidation, it may be ordinary noise.

A spinning top by itself does not tell you which side will control the next candle.

Context and Confirmation

Read the candle only after its timeframe has closed. A single candlestick records what buyers and sellers did during one period, but it does not guarantee what the next period will do. Its meaning becomes stronger when it appears after a relevant prior move, near a meaningful support or resistance area, and alongside clear market structure. A wick through a level is not automatically the same as a confirmed body-close break.

Key Takeaway

A spinning top shows two-sided movement with a small net change, not a guaranteed reversal.