Spinning Tops
Small real bodies, which would tell us that the bulls and bears are in a tug of war and that there is more of a balance between supply and demand. Spinning tops, tell us that the power to move up or down is lacking, or as the ]apanese phrase it, the "market is losing its breath." Real body can be black or white.
Spinning tops can have large lower and/or upper shadows. It is the diminutive size of the real body that defines a spinning top. A spinning toŠ· is a warning sign that the market is losing its momentum. For instance, if the market is at or near a new high, especially after a steep advance, the emergence of a spinning top could be a signal that the bulls are having trouble in continuing their ascent. This could be a cautionary signal that the prior move is stalling.
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