this is where this pattern gets its name. Due to the long
wicks and the thin body (typically right in the middle of the
candle) this formation looks like a wooden top that
children often play with.
A pattern of this nature indicates indecision on the part of
buyers and sellers. The opening and closing prices are
quite similar even though prices have demonstrated quite
a bit of movement during the course of the candle’s time
Should this candle appear in an uptrend, it could indicate
that the buyers are potentially running out of steam and a
bearish move to the downside could ensue.