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US stock market · candlestick pattern

Spinning top on Alibaba

On Alibaba the spinning top showed up 223 times. Within 12 candles price broke up 48% of the time, broke down 52% and stayed inside 0%.

Counted on Alibaba: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily10850%50%0%
Hourly11545%54%1%

Alibaba against the rest

ChartsFoundBroke upBroke downStayed inside
Alibaba22348%52%0%
All US stock market charts5,80352%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161533%67%
2017978%22%
20181145%55%
201911100%0%
2020540%60%
20211233%67%
2022333%67%
20231050%50%
20241828%72%
20257657%42%
20265334%66%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the spinning top is

Small body, wicks on both sides. Nobody is in charge.

A spinning top toy whirls fast but stays in one spot. This candle is the same: price ran up and down a lot, but it ended close to where it began. Buyers and sellers were both busy, and neither took charge.

The full spinning top lesson, video and quiz ›

Other patterns on Alibaba

Inside bar · Gap up · Gap down · Stochastic bullish cross · Stochastic bearish cross · MACD bullish cross · Doji · MACD bearish cross · RSI overbought drop · EMA 9/21 bullish cross · all of them

The spinning top elsewhere

Dow Jones · S&P 500 · Nasdaq 100 · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the spinning top work on Alibaba?

In 223 cases on Alibaba, price broke up 48% of the time, broke down 52% and stayed inside 0% within 12 candles.

What is the spinning top?

Small body, wicks on both sides. Nobody is in charge.