Spin bottom pattern
ICICIBANK A Spinning Top (or Bottom, when found at the end of a downtrend) is a candlestick with a small real body (the open and close are very close) and relatively long upper and lower shadows. This shows that during the session, both buyers and sellers were active, but neither side could dominate, ending the period in indecision. When this type of candle forms at the bottom of a downtrend (support zone), it is called a Spinning Bottom and often indicates that selling pressure is weakening, and a possible trend reversal or upward move may follow if confirmed by the next bullish candles.
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