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Forex · candlestick pattern

Spinning top on GBP/INR

On GBP/INR the spinning top showed up 236 times. Within 12 candles price broke up 52% of the time, broke down 46% and stayed inside 3%.

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

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8046%49%5%
Hourly15654%44%1%

GBP/INR against the rest

ChartsFoundBroke upBroke downStayed inside
GBP/INR23652%46%3%
All Forex charts5,26948%48%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016850%50%
2017367%0%
2018838%62%
20191421%57%
2020683%17%
20211346%54%
20221362%38%
2023933%67%
20242564%36%
20257249%50%
20266557%42%

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 GBP/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 · Bearish marubozu · 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 GBP/INR?

In 236 cases on GBP/INR, price broke up 52% of the time, broke down 46% and stayed inside 3% within 12 candles.

What is the spinning top?

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