High wave spinning top

high wave spinning top

  • High Wave Spinning Top Candle | New Trader U
  • Spinning Tops and High Wave Candlestick Pattern
  • High Wave Spinning Top Candle | New Trader U

    This candle combination shows a sudden expansion of volatility and then a contraction. The candlestick pattern is likely showing slinning chart that is starting a new trading range as it will likely be difficult to break the high or the low price of the high wave spinning top candle for awhile and establish the direction of the next trend.


    This pattern can be an indicator of a change in the current trend. It is more meaningful when it appears after a strong trend hih a downtrend or uptrend and will be a stronger signal when it is also on increased volume. Candles showing significant xpinning on a chart like very long wicks or bodies after a strong trend will signal the probability of reversal or at least the beginning of a new trading range.

    Spinning Tops and High Wave Candlestick Pattern

    Posted By: Steve Burns on: March 15, Enter your email address and we'll send you a free PDF of this post. Share this:. Share 0. Spinning tops wavd act as a warning that after a strong move upward, bulls are losing strength.

    Spinning Top High Wave Definition: A Spinning Top Wave, also called a High Wave candle, is candlestick that has an open and close price near each other which produces a small real body and color is of no importance. They also have long upper and lower . Mar 15,  · The high wave spinning top candlestick pattern consists of a candle with both a large body and also long wicks above and below sandwiched between small candles both before and after it forms. This candle pattern looks like the combination of a large spinning top and a long legged doji candle put together. The wide trading range of the middle candle in the pattern signals that the . The High Wave is a special kind of spinning top basic candle with one or two very long shadows. The opening and closing price are not equal, but slightly different from each other. In this case, body color does not matter. The High Wave is similar to the Long-Legged Doji.. Like many other candles with very long shadows, High Wave indicates that market fluctuations are very rapid, which may.

    High wave candles are like spinning tops, but they have long upper and lower shadows. According to Nisonp.

    high wave spinning top

    Spinning tops and high wave candles are only applicable after an uptrend or downtrend. Whereas a long bullish candlestick with small shadows shows that the bulls are in charge, a spinning top or high tlp candlestick after bullish candles in an uptrend indicates that the bulls are not in control like they were before and the upward trend might turn into a neutral period of consolidation or even reverse downward.

    Similarly, when a string of long bearish candlesticks forms a downtrend, it is clear that the bears are in charge. However, when spinning tops or high wave candles appear after a downtrend, it is clear that the bears no longer are completely in charge and a period of consolidation or wage upward could be expected.

    These spinning tops suggest that there is indecision among the bulls and the bears.

    high wave spinning top

    After the second spinning top, a bearish candlestick appears and signals that the decision has been made; the bears are hifh charge and the bears successfully begin a move downward. Each of the four bearish candlesticks had either a large upper or lower shadow showing that there was much uncertainty in the market when prices reached the area of those high wave candles.

    Only when a large bullish candlestick hihh higher was a clear bottom formed and a new uptrend begun.

    4 thoughts on “High wave spinning top”

    1. Matt Wheeler:

      Click here to get a PDF of this post. The high wave spinning top candlestick pattern consists of a candle with both a large body and also long wicks above and below sandwiched between small candles both before and after it forms.

    2. Kelly Brown:

      CryptoStation Channel. Spinning tops are candlesticks with small real bodies and indicate that neither the bulls nor the bears are in control. Spinning tops can act as a warning that after a strong move upward, bulls are losing strength.

    3. John Eatmon:

    Add a comments

    Your e-mail will not be published. Required fields are marked *