In progress now Inside bar, then a breakout · Runs, breaks and structure · reading up
6 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 23 Sep 2024
Inside bar, then a breakout completed on the candle that closed at week of 23 Sep 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
An inside candle (271.00–300.00) within the one before it (269.05–302.00), then a close at 312.25 above that range.
What this pattern is taken to mean
A candle whose whole range sat inside the one before it (a pause), then a close outside the mother candle's range. Read as a pause resolving.
What followed on this name's own record
After 5 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) 1 times of 5 (20%). Median move in the hit's direction -8.87%; best +23.12%, worst -20.62%. Within the window the move typically reached +9.32% in the hit's favour and -18.75% against it. On this name it has more often gone the other way.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked
- Take three consecutive candles: mother, inside, break.
- Inside: its high ≤ mother high and its low ≥ mother low.
- The pattern completes when the third candle closes above the mother high (up) or below the mother low (down).
The last 6 hits on this name
- week of 23 Sep 2024 up An inside candle (271.00–300.00) within the one before it (269.05–302.00), then a close at 312.25 above that range.
- week of 29 Jan 2024 down An inside candle (187.60–202.00) within the one before it (186.95–208.95), then a close at 179.80 below that range.
- week of 01 Jan 2024 up An inside candle (180.45–204.00) within the one before it (169.15–205.50), then a close at 219.25 above that range.
- week of 06 Nov 2023 down An inside candle (145.15–154.90) within the one before it (141.25–169.00), then a close at 138.45 below that range.
- week of 13 Mar 2023 down An inside candle (112.50–119.80) within the one before it (107.15–119.95), then a close at 102.55 below that range.
- week of 12 Sep 2022 up An inside candle (92.30–100.00) within the one before it (85.10–105.45), then a close at 119.15 above that range.