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US stock market · candlestick pattern

Spinning top on Dow Jones

On Dow Jones the spinning top showed up 157 times. Within 12 candles price broke up 52% of the time, broke down 48% and stayed inside 0%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily7751%49%0%
Hourly8054%46%0%

Dow Jones against the rest

ChartsFoundBroke upBroke downStayed inside
Dow Jones15752%48%0%
All US stock market charts5,80352%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016540%60%
20171155%45%
2018617%83%
2019667%33%
2020667%33%
2021771%29%
2022944%56%
2023540%60%
20241346%54%
20255046%54%
20263964%36%

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 Dow Jones

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

The spinning top elsewhere

S&P 500 · Nasdaq 100 · Alibaba · 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 Dow Jones?

In 157 cases on Dow Jones, price broke up 52% of the time, broke down 48% and stayed inside 0% within 12 candles.

What is the spinning top?

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