Then coming back to next type of country that is spinning tops, you can see on the left side that spinning
tops have smaller bodies and longer weeks.
So the tails of this particular candle are much higher than its body.
When this happens.
They are called spinning tops.
What do spinning tops indicate, spinning tops constitute a small body, as I told you, and they have
long shadows like these.
So these are the shadows and Ostrander spinning top will have these shadows of equal length.
But normally in market, we will normally not find this.
You will normally not get equal length.
But yes, more or less, if they are long enough and they are like more or less equal in length, you
can consider them as a spinning top.
What do they indicate?
They indicate the indecision in market.
When we talk about a stock which open at this price and closed just above this open indicates nobody
won the battle.
It indicates nobody won the battle, but they were active throughout the day.
So this movement, this is the range of that particular candle on the particular day, that means bulls
and bears, they were equally active.
Each of them were trying to push market either up or down.
But at the end of the day, there was indecision there.
Nobody won the back and that is what it represents.
So both bulls and bears, they were active during the session, but nobody won.
Neither buyer nor seller won the battle.
And this is normally considered as a sign of trend reversal if this happens at the top or bottom of
the trend.
So when you have a very strong and say, for example, you get such a scandal, say, for example,
spinning top, it can indicate that there can be a reversal in the market so the market can rise higher.
We will talk about this in detail when we see bullish and bearish candlestick patterns.
So at that time, we will see this in detail.
But for the time being, we'll just see a few examples of spinning tops, if you can observe a few of
them on this chart.
So let's see this.
I can see here, one, that this is an example of a spinning top, although the shadows are not long
enough.
But yes, it looks something like a spinning top.
There's another candle that I can see here.
This one.
This is an example of a spinning top, a small body and longer shadows and almost of equal in length.
This is not a spinning top because although there is a small body, but shadows are not of equal.
And you can see one shadow is too long and another is too short.
So that is how you have to understand it.
So this is as far as spinning tops are concerned.
Let's go to the next type of candle.