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Japanese stock market · candlestick pattern

Spinning top on SoftBank

On SoftBank the spinning top showed up 172 times. Within 12 candles price broke up 51% of the time, broke down 48% and stayed inside 1%.

Counted on SoftBank Group: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily8154%44%1%
Hourly9147%52%1%

SoftBank against the rest

ChartsFoundBroke upBroke downStayed inside
SoftBank17251%48%1%
All Japanese stock market charts67552%47%1%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016450%50%
20171354%46%
2018850%50%
2019667%33%
2020967%33%
2021757%43%
2022540%60%
2023743%57%
2024825%62%
20258046%52%
20262564%36%

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 SoftBank

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

The spinning top elsewhere

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

Questions

How often does the spinning top work on SoftBank?

In 172 cases on SoftBank, price broke up 51% of the time, broke down 48% and stayed inside 1% within 12 candles.

What is the spinning top?

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