What it means
A spinning top has a small real body (under ~30% of total range) with upper and lower wicks of similar length on either side. Open and close are close together but not identical (which would make it a doji). Indicates indecision — neither buyers nor sellers controlled the session.
Why it matters
Spinning tops at trend extremes signal weakening momentum, similar to doji but slightly less dramatic. In mid-range, spinning tops are noise. Like all single-candle patterns, context (location + prior trend) matters more than the candle itself.
How to use it
Trade spinning tops only at structural levels and after directional moves of 3+ sessions. Confirmation = next-candle close in the implied reversal direction. Stop beyond the spinning top's wick extreme.
Want a worked example or a deeper dive? Ask Rocky how this concept applies to your specific watchlist or trade idea.
Ask Rocky