In progress now Higher highs and higher lows · Runs, breaks and structure · reading up
6 hits in 70 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Wed 15 Apr 2020
Higher highs and higher lows completed on the candle that closed at Wed 15 Apr 2020, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
2 higher highs and higher lows on swings of at least 3%: lows 9,163.85, 9,270.00, 10,120.00; highs 10,084.30, 11,296.30.
What this pattern is taken to mean
Uptrend structure: each swing high above the last and each swing low above the last. Read as a trend that is still being confirmed by its pullbacks.
What followed on this name's own record
Only 1 earlier hit on this name's daily candles with 10 sessions after them — too few to say what usually follows. For what it is worth: the close 10 sessions later went the hit's way 0 of 1 times, median move -9.96%.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · swings = 2, swing_pct = 3
- Find swing highs and lows with the zigzag: a pivot is confirmed once price has moved swing_pct against it.
- Take every window of 2×swings+1 consecutive confirmed pivots.
- Require each swing high in the window above the previous swing high, and each swing low above the previous swing low.
- The pattern completes on the candle where the last pivot in the window was confirmed.
- The last swing low is reported as the level the structure stands on.
The last 6 hits on this name
- Wed 15 Apr 2020 up 2 higher highs and higher lows on swings of at least 3%: lows 9,163.85, 9,270.00, 10,120.00; highs 10,084.30, 11,296.30.
- Thu 09 Apr 2020 up 2 higher highs and higher lows on swings of at least 3%: lows 9,163.85, 9,270.00; highs 9,854.25, 10,084.30, 11,296.30.
- Tue 07 Apr 2020 up 2 higher highs and higher lows on swings of at least 3%: lows 7,826.75, 9,163.85, 9,270.00; highs 9,854.25, 10,084.30.
- Fri 03 Apr 2020 up 2 higher highs and higher lows on swings of at least 3%: lows 7,826.75, 9,163.85; highs 9,100.05, 9,854.25, 10,084.30.
- Tue 31 Mar 2020 up 2 higher highs and higher lows on swings of at least 3%: lows 7,680.00, 7,826.75, 9,163.85; highs 9,100.05, 9,854.25.
- Thu 27 Feb 2020 up 2 higher highs and higher lows on swings of at least 3%: lows 8,244.00, 9,181.95, 9,459.00; highs 9,470.45, 9,935.00.