#MarketBuyOrHold?
Key points from the explanation:
1. Red Spinning Tops:
Expectation: Bearish market.
Interpretation: It indicates that the currency price is likely to fall because buyers have left the market, leaving selling pressure in control.
2. Green Spinning Tops:
Expectation: Bullish market.
Interpretation: It indicates that the currency price is likely to rise because sellers have left the market, leaving buyers in control.
Characteristics of a Spinning Top:
Small body indicating convergence of the opening and closing prices.
Long upper and lower shadows, indicating indecision between buyers and sellers.
Practical use:
When you see Spinning Tops on a chart, they often indicate indecision in the market and may predict a potential reversal if they appear in strong support or resistance areas.
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