What is "spinning top"

n. A toy with a tapering point that can be made to spin on its axis, either with a built-in pump-action handle, with the fingers or with a string.

n. a conical child's plaything tapering to a steel point on which it can be made to spin; "he got a bright red top and string for his birthday" [syn: top, whirligig, teetotum]

Spinning top is a Japanese candlesticks pattern with a short body found in the middle of two long wicks. A spinning top is indicative of a situation where neither the buyers nor the sellers have won for that time period, as the market has closed relatively unchanged from where it opened; the market is indecisive regarding its trend. The upper and lower long wicks, however, tell us that both the buyers and the sellers had the upper hand at some point during the time period the candle represents. When a spinning top forms after a run up or run down in the market, it can be an indication of a pending reversal, as the indecision in the market is representative of the buyers losing momentum when this occurs after an uptrend and the sellers losing momentum after a downtrend.

A spinning top is a toy that can be spun on an axis, balancing on a point.

Spinning top may also refer to:

• Spinning top (candlestick pattern), a Japanese candlestick pattern with a short body found in the middle of two long wicks
• The Spinning Top, a 2009 British folk album
• A nickname for FC Schalke 04's style of play in the 1930s and 1940s