Forex Candlesticks Spinning Top and High Wave

For the Japanese, the real body is the essence of price action and gauges the force of the trend.
Spinning Tops and High Waves candles, with their small real body, appear in a market where supply and demand are almost the same, it shows a lack of consensus among the traders.

Spinning Top

• Spinning tops show the indecision among traders
• The size of the real body shows the lack of consensus among traders to sustain the current trend
• Indicates an early sign of a possible shift in the current uptrend or downtrend
• Ignore in a trading range: price is pausing before breaking out 
• The candle has a small real body of either color
• The size of the shadows is not important 
• Caution is recommended when encountering such candles

High Wave

•  High Wave candles show the confusion among traders
• The size of the real body shows the lack of consensus among traders to sustain the current trend
•  Indicates an early sign of a possible shift in the current uptrend or downtrend
• The candle has a small real body of either color
• The size of both shadows are particularly long, but are not required to be the exact same length
• Ignore in a trading range: price is pausing before breaking out 
• Caution is recommended when encountering such candles

• Long upper shadows imply selling pressure while long lower shadows imply buying pressure.
• A Paper Umbrella is a candle line with a small real body and a long lower shadow which appears at the high of a trading range.
•  Hanging Man and Hammer candles are both Umbrella Lines.