Question for a student:
"I still dont see the real difference between spinning top and doji. They both basically need further confirmation. What am I missing?"
Spinning Top and Dojis are very similar and they mean the same thing: Doji indicates indecision. Spinning Top indicates greater indecision.
When looking at the two signals, the difference is in the body of the candle.
The Doji opens and closes around the same level (almost the same price).
The Spinning Top has a slightly bigger fluctuation between the opening and closing price, giving the body a bit more form.
Got a question? Write to us
Good Trading!
Trading Risk Disclaimer
All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.