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US stock market · candlestick pattern

Spinning top on Nasdaq 100

On Nasdaq 100 the spinning top showed up 151 times. Within 12 candles price broke up 62% of the time, broke down 38% and stayed inside 0%.

Counted on Nasdaq 100: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8061%39%0%
Hourly7162%38%0%

Nasdaq 100 against the rest

ChartsFoundBroke upBroke downStayed inside
Nasdaq 10015162%38%0%
All US stock market charts5,80352%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016850%50%
20171283%17%
2018683%17%
2019757%43%
2020667%33%
2021475%25%
2022540%60%
2023650%50%
2024825%75%
20254163%37%
20264862%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 Nasdaq 100

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

The spinning top elsewhere

Dow Jones · S&P 500 · 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 Nasdaq 100?

In 151 cases on Nasdaq 100, price broke up 62% of the time, broke down 38% and stayed inside 0% within 12 candles.

What is the spinning top?

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