In progress now Move of X% within M candles · Runs, breaks and structure · reading up
15 hits in 67 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 31 May 2021
Move of X% within M candles has held from the candle of week of 10 May 2021 through the newest one on file (3 weeks), an up reading. It is in progress now.
What the candles did
+17.14% in the last 3 candles, 7.00 to 8.20.
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 14 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) 8 times of 14 (57%). Median move in the hit's direction +10.65%; best +85.57%, worst -5.56%. Within the window the move typically reached +15.54% in the hit's favour and -6.73% against it.
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 10 May 2021 up +17.14% in the last 3 candles, 7.00 to 8.20.
- week of 05 Apr 2021 down -6.21% in the last 3 candles, 7.25 to 6.80.
- week of 08 Mar 2021 up +4.35% in the last 3 candles, 6.90 to 7.20.
- week of 15 Feb 2021 down -3.50% in the last 3 candles, 7.15 to 6.90.
- week of 01 Feb 2021 up +4.26% in the last 3 candles, 7.05 to 7.35.
- week of 11 Jan 2021 down -5.37% in the last 3 candles, 7.45 to 7.05.
- week of 07 Dec 2020 up +30.84% in the last 3 candles, 5.35 to 7.00.
- week of 21 Sep 2020 down -7.22% in the last 3 candles, 9.00 to 8.35.
- week of 10 Aug 2020 up +20.83% in the last 3 candles, 4.80 to 5.80.
- week of 27 Jul 2020 up +3.19% in the last 3 candles, 4.70 to 4.85.
- week of 06 Jul 2020 down -2.08% in the last 3 candles, 4.80 to 4.70.
- week of 15 Jun 2020 up +3.23% in the last 3 candles, 4.65 to 4.80.