1 00:00:00,210 --> 00:00:07,530 Then coming back to next type of country that is spinning tops, you can see on the left side that spinning 2 00:00:07,530 --> 00:00:11,730 tops have smaller bodies and longer weeks. 3 00:00:12,270 --> 00:00:18,740 So the tails of this particular candle are much higher than its body. 4 00:00:19,230 --> 00:00:20,360 When this happens. 5 00:00:20,370 --> 00:00:22,470 They are called spinning tops. 6 00:00:23,420 --> 00:00:31,940 What do spinning tops indicate, spinning tops constitute a small body, as I told you, and they have 7 00:00:31,940 --> 00:00:34,180 long shadows like these. 8 00:00:34,180 --> 00:00:42,320 So these are the shadows and Ostrander spinning top will have these shadows of equal length. 9 00:00:42,440 --> 00:00:45,830 But normally in market, we will normally not find this. 10 00:00:45,830 --> 00:00:48,650 You will normally not get equal length. 11 00:00:48,800 --> 00:00:54,980 But yes, more or less, if they are long enough and they are like more or less equal in length, you 12 00:00:54,980 --> 00:00:56,750 can consider them as a spinning top. 13 00:00:57,500 --> 00:00:58,640 What do they indicate? 14 00:00:58,820 --> 00:01:01,780 They indicate the indecision in market. 15 00:01:03,140 --> 00:01:12,500 When we talk about a stock which open at this price and closed just above this open indicates nobody 16 00:01:12,500 --> 00:01:13,170 won the battle. 17 00:01:13,220 --> 00:01:17,550 It indicates nobody won the battle, but they were active throughout the day. 18 00:01:17,570 --> 00:01:25,970 So this movement, this is the range of that particular candle on the particular day, that means bulls 19 00:01:25,970 --> 00:01:27,920 and bears, they were equally active. 20 00:01:27,920 --> 00:01:32,180 Each of them were trying to push market either up or down. 21 00:01:32,450 --> 00:01:35,950 But at the end of the day, there was indecision there. 22 00:01:36,000 --> 00:01:38,580 Nobody won the back and that is what it represents. 23 00:01:39,140 --> 00:01:45,470 So both bulls and bears, they were active during the session, but nobody won. 24 00:01:45,470 --> 00:01:48,800 Neither buyer nor seller won the battle. 25 00:01:49,580 --> 00:01:57,680 And this is normally considered as a sign of trend reversal if this happens at the top or bottom of 26 00:01:57,680 --> 00:01:58,170 the trend. 27 00:01:58,190 --> 00:02:05,720 So when you have a very strong and say, for example, you get such a scandal, say, for example, 28 00:02:05,720 --> 00:02:13,030 spinning top, it can indicate that there can be a reversal in the market so the market can rise higher. 29 00:02:14,030 --> 00:02:19,940 We will talk about this in detail when we see bullish and bearish candlestick patterns. 30 00:02:19,970 --> 00:02:22,090 So at that time, we will see this in detail. 31 00:02:22,490 --> 00:02:29,210 But for the time being, we'll just see a few examples of spinning tops, if you can observe a few of 32 00:02:29,210 --> 00:02:30,470 them on this chart. 33 00:02:31,130 --> 00:02:33,890 So let's see this. 34 00:02:34,250 --> 00:02:41,300 I can see here, one, that this is an example of a spinning top, although the shadows are not long 35 00:02:41,300 --> 00:02:41,720 enough. 36 00:02:42,200 --> 00:02:46,480 But yes, it looks something like a spinning top. 37 00:02:46,520 --> 00:02:48,680 There's another candle that I can see here. 38 00:02:48,920 --> 00:02:49,430 This one. 39 00:02:50,150 --> 00:02:50,600 This one. 40 00:02:51,110 --> 00:03:00,260 This is an example of a spinning top, a small body and longer shadows and almost of equal in length. 41 00:03:01,160 --> 00:03:08,780 This is not a spinning top because although there is a small body, but shadows are not of equal. 42 00:03:08,780 --> 00:03:12,820 And you can see one shadow is too long and another is too short. 43 00:03:13,550 --> 00:03:16,400 So that is how you have to understand it. 44 00:03:17,030 --> 00:03:19,710 So this is as far as spinning tops are concerned. 45 00:03:20,090 --> 00:03:22,460 Let's go to the next type of candle.