Spinning Top Black

In a Spinning Top Black pattern, the color of the small body is black (or red in some charting systems), which indicates that the closing price was lower than the opening price during that time period. This happens despite a lot of price movement in both directions.

To look for the spinning top among the green candles, you can use the Spinning Top White candle pattern.

Here's a breakdown of the Spinning Top Black pattern:

1. The body of the candlestick is small, showing little difference between the opening and closing prices. The body is black (or red), indicating that the close was lower than the open.

2. The upper and lower shadows (or wicks) are significantly longer than the body, showing a lot of price movement during the time period but no decisive control by either buyers or sellers.

3. This pattern can occur in both uptrends and downtrends, but its interpretation depends on the preceding trend and subsequent candles. If it appears in an uptrend, it could suggest that buyers are losing control and a bearish reversal is possible. If it appears in a downtrend, it may suggest that sellers are losing control and a bullish reversal might be imminent.

4. Like the general Spinning Top pattern, the Spinning Top Black requires confirmation from other candles or additional technical analysis tools to suggest a potential trend reversal. For example, if it's followed by a bullish (upward) candle in a downtrend, it can be considered a sign of a potential reversal.

As with all candlestick patterns, the Spinning Top Black signifies indecision in the market. Traders should look for additional confirmation before making trading decisions based on this pattern.