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US stock market · candlestick pattern

Spinning top on Invesco QQQ ETF

On Invesco QQQ ETF the spinning top showed up 182 times. Within 12 candles price broke up 57% of the time, broke down 43% and stayed inside 0%.

Counted on Invesco QQQ ETF: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily9154%46%0%
Hourly9160%40%0%

Invesco QQQ ETF against the rest

ChartsFoundBroke upBroke downStayed inside
Invesco QQQ ETF18257%43%0%
All US stock market charts5,80352%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
20161250%50%
20171267%33%
2018683%17%
2019862%38%
202030%100%
2021667%33%
2022729%71%
2023729%71%
20241547%53%
20255961%39%
20264762%38%

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 Invesco QQQ ETF

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

The spinning top elsewhere

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

Questions

How often does the spinning top work on Invesco QQQ ETF?

In 182 cases on Invesco QQQ ETF, price broke up 57% of the time, broke down 43% and stayed inside 0% within 12 candles.

What is the spinning top?

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