Spinning Top candlestick pattern

In Forex, you may consider the doji and the spinning top as having the same potential for reversal. For example, if a market makes a new high as shown in the image below, and does so with a doji or a spinning top — that’s a small real body with a long upper and lower shadow — the signal is the same: the market rejected the higher levels and shows indecision as where to proceed.

 

How can I deal with the fact that different charting platforms show different candlestick patterns because of their time zone? Forex market, we would suggest to use a GMT chart since most institutional volume is handled in London. This is specially valid if you work with daily charts but intraday charts superior to 1 hour will also show differences in the patterns. In any case, because of the 24 hour nature of the Forex market, the candlestick interpretation demands a certain flexibility and adaptation. You will see how some of the textbook patterns look slightly different in Forex than in other markets.