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LogoutSpinning top is a candlestick pattern a substantially shorter body surrounded on both sides by two long candlestick wicks. It is a candlestick pattern which indicates indecision in the market which means that buyers and sellers are pretty much even and no one particular is in advantage.
It is a type of the doji candlestick found on stock charts near both support and resistance levels. Usually, when spinning top candlesticks occur at the top of a bullish trend, it indicates that the buyers are losing while when it is formed at the bottom of a bearish trend, it is the indication of sellers losing control.