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Japanese stock market · candlestick pattern

Spinning top on Nikkei 225

On Nikkei 225 the spinning top showed up 164 times. Within 12 candles price broke up 57% of the time, broke down 43% and stayed inside 1%.

Counted on Nikkei 225: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8651%48%1%
Hourly7863%37%0%

Nikkei 225 against the rest

ChartsFoundBroke upBroke downStayed inside
Nikkei 22516457%43%1%
All Japanese stock market charts67552%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016367%33%
2017838%62%
2018743%57%
20191127%73%
2020771%29%
2021862%38%
2022667%33%
2023771%29%
20241753%47%
20254558%40%
20264562%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 Nikkei 225

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

The spinning top elsewhere

Sony · Toyota · SoftBank · Sensex · Nifty 50 · Dow Jones · S&P 500 · GBP/USD · EUR/JPY · Gold · Silver

Questions

How often does the spinning top work on Nikkei 225?

In 164 cases on Nikkei 225, price broke up 57% of the time, broke down 43% and stayed inside 1% within 12 candles.

What is the spinning top?

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