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Forex · candlestick pattern

Spinning top on USD/INR

On USD/INR the spinning top showed up 92 times. Within 12 candles price broke up 48% of the time, broke down 48% and stayed inside 4%.

Counted on USD/INR: daily candles from January 2015 and hourly candles from September 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily6650%47%3%
Hourly2642%50%8%

USD/INR against the rest

ChartsFoundBroke upBroke downStayed inside
USD/INR9248%48%4%
All Forex charts5,26948%48%3%
Every market88,07749%49%3%

Year by year

YearFoundBroke upBroke down
2016850%50%
2018967%33%
2019729%71%
2020367%33%
2021862%38%
2022425%75%
20231136%64%
20241560%27%
20252642%50%

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 USD/INR

Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Doji · EMA 9/21 bullish cross · EMA 9/21 bearish cross · MACD bullish cross · RSI overbought drop · RSI oversold bounce · 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 USD/INR?

In 92 cases on USD/INR, price broke up 48% of the time, broke down 48% and stayed inside 4% within 12 candles.

What is the spinning top?

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