In progress now Move of X% within M candles · Runs, breaks and structure · reading down
22 hits in 87 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 23 Aug 2021
Move of X% within M candles has held from the candle of week of 05 Jul 2021 through the newest one on file (8 weeks), a down reading. It is in progress now.
What the candles did
-6.67% in the last 3 candles, 10.50 to 9.80.
What this pattern is taken to mean
A fast move: the close is at least X% away from where it was M candles ago. Read as a burst of one-sided flow.
What followed on this name's own record
After 22 earlier hits on this name's weekly candles, the close 4 weeks later went the hit's own way (up after an up reading, down after a down one) 12 times of 22 (54%). Median move in the hit's direction +4.47%; best +52.94%, worst -42.86%. Within the window the move typically reached +11.99% in the hit's favour and -11.11% against it. On this name that is a coin toss.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · pct = 2, candles = 3
- For each candle, take the close M candles earlier.
- Move % = close now / close then − 1.
- The pattern completes when |move %| ≥ pct; direction is the sign.
- Consecutive candles that all qualify in the same direction count once, at the first of them.
The last 12 hits on this name
- week of 05 Jul 2021 down -6.67% in the last 3 candles, 10.50 to 9.80.
- week of 07 Jun 2021 up +2.25% in the last 3 candles, 8.90 to 9.10.
- week of 31 May 2021 down -4.32% in the last 3 candles, 9.25 to 8.85.
- week of 03 May 2021 up +9.93% in the last 3 candles, 7.05 to 7.75.
- week of 12 Apr 2021 down -4.73% in the last 3 candles, 7.40 to 7.05.
- week of 29 Mar 2021 down -7.69% in the last 3 candles, 8.45 to 7.80.
- week of 08 Mar 2021 up +28.03% in the last 3 candles, 6.60 to 8.45.
- week of 22 Feb 2021 down -12.14% in the last 3 candles, 7.00 to 6.15.
- week of 25 Jan 2021 down -21.76% in the last 3 candles, 8.50 to 6.65.
- week of 16 Nov 2020 up +13.33% in the last 3 candles, 3.00 to 3.40.
- week of 19 Oct 2020 down -8.70% in the last 3 candles, 3.45 to 3.15.
- week of 12 Oct 2020 up +8.62% in the last 3 candles, 2.90 to 3.15.