Wednesday, December 10, 2008

The Spinning Tops


Forexgen Charts present the Spinning Tops have longer shadow than the real body. The color of the real bodies is not very important. The pattern indicates the indecision between the bullish and bearish trends. Doji lines are patterns with the same open and close price. There are four special types of Doji lines.

The Long-legged Doji has long upper and lower shadows with the price in the middle of the range. It indicates indecision of traders. The Dragonfly Doji has a long lower shadow and no upper shadow. It is a good indication of bearish trend reversal. Gravestone Doji line has a long upper shadow and no lower shadow. It is a good indication of bullish trend reversal. Doji's all prices: open, high, low and close are the same for a trading day. It's a very unique line indicating the indecision of the traders, or very quiet market.

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