Spinning Top

Formation
These candle lines have a small real body. The length of the wicks are not important. Market opens and moves up or down, then comes back and closes near the opening, forming a small body. The body may be black or white.

Importance
This happens when both supply and demand are almost equal. That means the market is neutral or it is deciding the next movement.

Spinning tops are more important when they are part of other formations. They are turning points in Morning Star and Evening Star formation. When they are contained with in the previous candle's real body, they are part of Harami. If the shadows are unusually long, with the small real body at the centre, we get a high wave line or high wave candlestick.