NIFTY has formed a spinning -top / doji like candle pattern. this Depicts indecision so for the short term market may go any direction . 59 more words
Tags » Doji
What is a spinning top candlestick?
The spinning to is a neutral pattern consisting of a short body with long wicks. This candle shows less indecision then the doji, which is a reversal pattern, which means it should be used as more of a consolidation candle in a trend and following candles should be watched closely as neither the buyers or sellers are in control. 58 more words