Spinning Top / 極線・コマ
Reference values based on Bulkowski's "Encyclopedia of Chart Patterns". Data is primarily from U.S. markets and may differ for other markets.
A single-candlestick pattern with a small body and upper and lower shadows of moderate length. Similar to a doji but with a slightly larger body. It symbolizes indecision where neither buyers nor sellers have gained the upper hand. When appearing at trend tops or bottoms, it may foreshadow a trend reversal, making confirmation of the next candle's direction essential.
Do not use the spinning top alone as an entry signal. After confirming the next candle's direction, enter in that direction. Short if a bearish candle follows at a top; long if a bullish candle follows at a bottom.
Project the spinning top's range (high to low) in the next candle's direction as a minimum target. For trend reversal trades, target the nearest support/resistance line.
Place a stop-loss slightly beyond the spinning top's high (for short positions) or low (for long positions).
If the spinning top's volume is lower than adjacent candles, it indicates loss of direction. Volume increase on the next candle suggests new directional conviction.