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Forex · candlestick pattern

Spinning top on EUR/INR

On EUR/INR the spinning top showed up 215 times. Within 12 candles price broke up 49% of the time, broke down 47% and stayed inside 4%.

Counted on EUR/INR: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8351%45%5%
Hourly13248%49%3%

EUR/INR against the rest

ChartsFoundBroke upBroke downStayed inside
EUR/INR21549%47%4%
All Forex charts5,26948%48%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161242%58%
2017560%20%
20181155%45%
2019743%57%
2020667%0%
2021650%33%
20221436%64%
20231479%21%
20241735%65%
20256946%51%
20265450%46%

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 EUR/INR

Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · RSI overbought drop · Bullish marubozu · all of them

The spinning top elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the spinning top work on EUR/INR?

In 215 cases on EUR/INR, price broke up 49% of the time, broke down 47% and stayed inside 4% within 12 candles.

What is the spinning top?

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