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Commodities · candlestick pattern

Spinning top on Crude oil

On Crude oil the spinning top showed up 162 times. Within 12 candles price broke up 51% of the time, broke down 46% and stayed inside 4%.

Counted on Crude oil futures: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily9348%51%1%
Hourly6954%39%7%

Crude oil against the rest

ChartsFoundBroke upBroke downStayed inside
Crude oil16251%46%4%
All Commodities charts69354%43%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016757%43%
20171145%55%
20181735%65%
2019771%29%
2020944%44%
2021944%56%
2022956%44%
2023667%33%
20244654%43%
20254149%41%

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 Crude oil

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Volume profile bounce · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · Volume profile rejection · all of them

The spinning top elsewhere

Gold · Silver · Copper · Natural gas · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY

Questions

How often does the spinning top work on Crude oil?

In 162 cases on Crude oil, price broke up 51% of the time, broke down 46% and stayed inside 4% within 12 candles.

What is the spinning top?

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