morteza471
132 posts
msg #91574
- Ignore morteza471 |
4/23/2010 9:05:25 PM
does any body have a filter for White Spinning Top
thank you
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straken
469 posts
msg #91577
- Ignore straken |
4/23/2010 10:14:53 PM
try page 318 of the kama sutra, right beside the three eyed turtle.
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Eman93
4,750 posts
msg #91601
- Ignore Eman93 |
4/24/2010 5:26:19 PM
Definition:
The White Spinning Top is a single candlestick pattern. Its shape is a small white body with upper and lower shadows that have a greater length than the body's length.
Recognition Criteria:
1. The real body of the pattern is white and small.
2. The upper and lower shadows are longer than the real body's length.
Explanation:
The market moves higher and then sharply lower, or vice versa. It then closes above the opening price creating a white body. This represents complete indecision between the bulls and the bears. The actual length of the shadows is not important. The small body relative to the shadows is what makes the spinning top.
Important Factors:
If a White Spinning Top is observed after a long rally or a long white candlestick, this implies weakness among the bulls and it is a warning about a potential change or interruption in trend.
If a White Spinning Top is observed after a long decline or a long black candlestick, this implies weakness among the bears and it is a warning about a potential change or interruption in trend.
Like most other single candlestick patterns, the White Spinning Top has low reliability. It reflects only one day's trading and can be interpreted both as a continuation and a reversal pattern. This candlestick needs to be used with other candlesticks for a healthier confirmation of a trend.
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jrbikes
624 posts
msg #91616
- Ignore jrbikes
modified |
4/25/2010 2:24:30 AM
APPY has a spinning top, it is a very indescisive candle, it is basically useless for defining a price trend, accept for one mention, if you see it at the top of a recent trend, best get out, especially if it is red!
Its like a bad girlfriend, you want to go out with her, but you know she is going to talk to another guy, but you can't resist because she is s pretty, and she knows your a sucker, so she is going to sweet talk you so you will take her out, then she leaves with the other guy, then you realize, she did it again!
Three eyed turtle? LOL, oh you guys are killing me!
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