The correction of 2+ days in Euro as shown in "10min Chart".
JNSAR is on the verge of "Making its 1000+ points" in just 30+ days..The spinning top candlestick consists of a short body with a longer wick on either side. The length of the wicks may vary, but they are both longer than the body and similar in length to each other. This pattern is similar to the long-legged doji, but with a slightly larger body.
The spinning top can be white or black, with both having important implications for the future of the trend. A white spinning top means that the market fluctuated but closed just a bit above its opening price, while a black spinning top denotes that it fluctuated but closed below the opening price.
A spinning top is a powerful indicator that the market is indecisive. There has been significant buying and selling activity, but at the end of the day the stock closed not far from where it opened. Both buyers and sellers reigned at different parts of the day, but neither made much headway. In other words, the buyers and sellers are in a tug of war, but neither side is showing a clear advantage. This is especially significant in trending markets because it indicates that the trend is losing momentum. A spinning top can indicate that there is considerable indecision that may result in a trend reversal. The market has moved higher, then sharply lower, or vice versa.
Your Next Move
Single sticks reflect only one day’s trading and thus must be considered within this context. For example, if a white spinning top occurs after a long white candlestick, it means the bullish trend is weakening. If it is observed after a long black candlestick, it can mean that there is a potential reversal of the trend. Vice versa, a black spinning top after a long black candlestick indicates the trend is weakening, while the same candlestick after a long white candlestick can predict a reversal. While the spinning top is a significant pattern, it is not considered a reliable enough indicator to warrant action on its own. The spinning top can predict a reversal or an interruption, but it also may be part of a continuation pattern. You should not act based on a spinning top candlestick alone.
Confirmation
The spinning top candlestick should be considered along with other candlesticks to determine the trend. Depending on the trend up until that point, confirmation can mean i) a continuation of the upward ; ii) or downward trend that the spinning top forecasted, iii) or even stagnation. However, do not take action without confirmation. If there is a spinning top followed by a continuation of the prior trend, you will be glad you waited for confirmation.
After getting resisted & with -ve div intact, it breaks the rising trendline & falls.
