Technical Definition
A small-bodied candle with upper and lower shadows, representing a pause in momentum and temporary market balance.
The market moved both up and down during the session, but closed close to where it opened — showing uncertainty. The Spinning Top represents a pause in momentum, where neither buyers nor sellers are strong enough to take control.
Momentum is slowing.
Market Psychology
Context
Market may be trending strongly Approaching an important level One side usually has control
Conflict
Buyers push price in one direction Sellers respond and reverse part of the move Volatility exists, but commitment is lacking
Pause
Price closes near the open Confidence weakens Market pauses to reassess direction
Pattern Anatomy
Small Real Body
Open and close are close together.
Upper Shadow Present
Buyers attempted to push higher.
Lower Shadow Present
Sellers attempted to push lower.
Shadows Longer Than Body
Neither side succeeded decisively.
Pattern Rules
Small real body relative to range
Shows indecision.
Upper and lower shadows noticeable
Both sides tested.
Shadows usually longer than body
Defines the pattern.
Open ≠ Close
Otherwise it becomes a Doji.
Appears after meaningful move
Context matters.
Signal Confirmation
- The next candle's direction
- Breakout or breakdown following the pause
- Confluence with trend structure and key price levels