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Patterns

Every pattern here is a rule over stored candles, written out step by step below. Pick a name and a candle size, then one pattern to test — or let the library look for anything in progress. A hit is an observation of what the candles just did; what followed the earlier hits on the same name is counted and shown beside it, every hit included. For what the candles in progress say about the coming hours and days, open the outlook; to be told when a pattern completes, sign in and tap Alert me on any card.

Test a name

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Defaults shown are for daily candles; change the candle size and re-test to see that size's defaults. Intraday candles exist only for names on a reader's watchlist, from the day they were added; daily candles go back to 2021.

GSKCONS · GSKCONS · daily candles

70 candles on file from 1 Jan 2020 as of the close of 15 Apr 2020 last close ₹10,732.60 judged 10 candles after each hit the outlook for the coming hours and days →

The candles, with the hits marked

last 70 of 70 · shaded = the formation · triangle = the candle it completed on · dashed = a level the latest hit named
11,2837,21410,733 last1 Jan 202019 Feb 202015 Apr 20201 Jan 2020 O 8,292 H 8,390 L 8,273 C 8,3742 Jan 2020 O 8,377 H 8,429 L 8,342 C 8,3713 Jan 2020 O 8,400 H 8,400 L 8,290 C 8,3276 Jan 2020 O 8,321 H 8,390 L 8,244 C 8,3167 Jan 2020 O 8,390 H 8,390 L 8,330 C 8,3558 Jan 2020 O 8,344 H 8,395 L 8,309 C 8,3649 Jan 2020 O 8,394 H 8,446 L 8,376 C 8,39310 Jan 2020 O 8,440 H 8,507 L 8,375 C 8,49613 Jan 2020 O 8,550 H 8,659 L 8,511 C 8,64914 Jan 2020 O 8,689 H 8,738 L 8,600 C 8,72815 Jan 2020 O 8,749 H 8,793 L 8,675 C 8,76716 Jan 2020 O 8,727 H 8,917 L 8,727 C 8,89417 Jan 2020 O 8,881 H 8,950 L 8,844 C 8,93620 Jan 2020 O 8,958 H 8,999 L 8,872 C 8,93221 Jan 2020 O 8,856 H 8,979 L 8,821 C 8,91422 Jan 2020 O 8,914 H 8,918 L 8,780 C 8,86723 Jan 2020 O 8,787 H 8,897 L 8,787 C 8,87924 Jan 2020 O 8,948 H 8,964 L 8,864 C 8,92827 Jan 2020 O 8,949 H 8,949 L 8,865 C 8,89428 Jan 2020 O 8,939 H 8,948 L 8,798 C 8,91129 Jan 2020 O 8,915 H 9,007 L 8,915 C 8,95530 Jan 2020 O 8,980 H 8,986 L 8,882 C 8,94331 Jan 2020 O 8,970 H 8,975 L 8,780 C 8,8343 Feb 2020 O 8,985 H 9,470 L 8,964 C 9,4144 Feb 2020 O 9,335 H 9,460 L 9,245 C 9,3085 Feb 2020 O 9,331 H 9,425 L 9,289 C 9,3156 Feb 2020 O 9,358 H 9,458 L 9,198 C 9,2197 Feb 2020 O 9,315 H 9,341 L 9,182 C 9,26210 Feb 2020 O 9,262 H 9,373 L 9,233 C 9,29211 Feb 2020 O 9,299 H 9,372 L 9,214 C 9,23112 Feb 2020 O 9,240 H 9,723 L 9,240 C 9,67013 Feb 2020 O 9,728 H 9,796 L 9,576 C 9,77314 Feb 2020 O 9,810 H 9,842 L 9,655 C 9,69017 Feb 2020 O 9,715 H 9,844 L 9,660 C 9,69518 Feb 2020 O 9,705 H 9,721 L 9,575 C 9,62319 Feb 2020 O 9,728 H 9,935 L 9,655 C 9,86320 Feb 2020 O 9,863 H 9,863 L 9,656 C 9,67824 Feb 2020 O 9,678 H 9,731 L 9,507 C 9,54125 Feb 2020 O 9,547 H 9,784 L 9,510 C 9,62326 Feb 2020 O 9,610 H 9,693 L 9,459 C 9,62927 Feb 2020 O 9,730 H 9,868 L 9,500 C 9,81328 Feb 2020 O 9,612 H 9,724 L 9,370 C 9,4452 Mar 2020 O 9,445 H 9,667 L 9,355 C 9,4153 Mar 2020 O 9,490 H 9,559 L 9,340 C 9,4674 Mar 2020 O 9,550 H 9,550 L 9,382 C 9,5025 Mar 2020 O 9,550 H 9,836 L 9,537 C 9,6686 Mar 2020 O 9,670 H 9,745 L 9,410 C 9,5329 Mar 2020 O 9,420 H 9,449 L 9,201 C 9,23911 Mar 2020 O 9,235 H 9,400 L 9,030 C 9,34412 Mar 2020 O 9,038 H 9,200 L 8,803 C 8,90213 Mar 2020 O 8,502 H 9,170 L 7,201 C 8,83616 Mar 2020 O 8,830 H 8,830 L 8,380 C 8,41917 Mar 2020 O 8,410 H 10,100 L 8,312 C 8,71918 Mar 2020 O 8,790 H 8,946 L 8,280 C 8,35119 Mar 2020 O 8,215 H 8,310 L 7,680 C 8,00920 Mar 2020 O 8,010 H 9,100 L 8,010 C 8,93323 Mar 2020 O 8,110 H 8,838 L 7,827 C 8,19124 Mar 2020 O 8,450 H 8,950 L 8,400 C 8,91125 Mar 2020 O 8,900 H 9,400 L 8,706 C 9,19826 Mar 2020 O 9,198 H 9,750 L 9,000 C 9,56427 Mar 2020 O 9,845 H 9,854 L 9,223 C 9,37530 Mar 2020 O 9,300 H 9,523 L 9,164 C 9,45031 Mar 2020 O 9,600 H 10,020 L 9,462 C 9,9741 Apr 2020 O 10,029 H 10,084 L 9,421 C 9,5493 Apr 2020 O 9,600 H 9,774 L 9,270 C 9,3567 Apr 2020 O 9,660 H 10,700 L 9,660 C 10,5938 Apr 2020 O 10,590 H 11,296 L 10,505 C 10,6399 Apr 2020 O 10,878 H 10,878 L 10,141 C 10,35613 Apr 2020 O 10,450 H 10,566 L 10,120 C 10,23615 Apr 2020 O 10,310 H 10,850 L 10,310 C 10,73310,120 last swing lowWed 15 Apr 2020Wed 15 Apr 2020Thu 09 Apr 2020Mon 13 Apr 2020Wed 08 Apr 2020Thu 09 Apr 2020Wed 08 Apr 2020Fri 03 Apr 2020

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 alerted

Hit 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
  1. Find swing highs and lows with the zigzag: a pivot is confirmed once price has moved swing_pct against it.
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high in the window above the previous swing high, and each swing low above the previous swing low.
  4. The pattern completes on the candle where the last pivot in the window was confirmed.
  5. 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.

In progress now Volume spike · Indicator-based · reading up

5 hits in 70 candles · test this one alone Sign in to be alerted

Hit on the latest daily candle — Wed 15 Apr 2020

Volume spike 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

Volume 3.9× the average of the previous 20 candles (199,724 vs 51,618), on an up candle.

What this pattern is taken to mean

One candle traded many times the recent average volume. Read as attention arriving; the candle's colour says which way it leaned.

What followed on this name's own record

Only 4 earlier hits 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 3 of 4 times, median move +2.23%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · times = 3, candles = 20
  1. Average the volume of the previous M candles (those that reported one).
  2. The pattern completes when this candle's volume ≥ times × that average.
  3. Direction is the candle's own: up if it closed above its open, down if below, neutral if flat.
The last 5 hits on this name
  • Wed 15 Apr 2020 up Volume 3.9× the average of the previous 20 candles (199,724 vs 51,618), on an up candle.
  • Fri 13 Mar 2020 up Volume 3.8× the average of the previous 20 candles (92,671 vs 24,122), on an up candle.
  • Wed 11 Mar 2020 up Volume 4.2× the average of the previous 20 candles (84,108 vs 19,954), on an up candle.
  • Wed 12 Feb 2020 up Volume 4.1× the average of the previous 20 candles (73,039 vs 17,772), on an up candle.
  • Mon 03 Feb 2020 up Volume 6.4× the average of the previous 20 candles (78,575 vs 12,346), on an up candle.

Just hit Gap at the open · Runs, breaks and structure · reading up

15 hits in 70 candles · test this one alone Sign in to be alerted

Hit 2 sessions ago — Thu 09 Apr 2020

Gap at the open completed on the daily candle of Thu 09 Apr 2020, an up reading, 2 sessions before the latest one (which closed at Wed 15 Apr 2020 at 10,732.60). Since the hit the close has moved +3.64%.

What the candles did

Opened at 10,878.00, +2.24% above the previous close of 10,639.30.

What this pattern is taken to mean

The session opened at least X% away from the previous close. Read as news or flow arriving overnight.

What followed on this name's own record

After 11 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 5 times of 11 (46%). Median move in the hit's direction -1.98%; best +16.22%, worst -29.89%. Within the window the move typically reached +7.26% in the hit's favour and -9.31% 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 = 1
  1. At the first candle of each session, compare its open with the last close of the previous session.
  2. Gap % = open / previous close − 1.
  3. The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
  4. On daily candles this is simply open vs the previous day's close.
The last 12 hits on this name
  • Thu 09 Apr 2020 up Opened at 10,878.00, +2.24% above the previous close of 10,639.30.
  • Tue 07 Apr 2020 up Opened at 9,660.00, +3.25% above the previous close of 9,356.20.
  • Tue 31 Mar 2020 up Opened at 9,600.00, +1.59% above the previous close of 9,449.90.
  • Fri 27 Mar 2020 up Opened at 9,845.00, +2.94% above the previous close of 9,564.20.
  • Tue 24 Mar 2020 up Opened at 8,450.00, +3.16% above the previous close of 8,190.80.
  • Mon 23 Mar 2020 down Opened at 8,110.00, -9.22% below the previous close of 8,933.25.
  • Thu 19 Mar 2020 down Opened at 8,215.15, -1.63% below the previous close of 8,351.10.
  • Fri 13 Mar 2020 down Opened at 8,502.00, -4.49% below the previous close of 8,901.50.
  • Thu 12 Mar 2020 down Opened at 9,038.00, -3.28% below the previous close of 9,344.05.
  • Mon 09 Mar 2020 down Opened at 9,420.00, -1.17% below the previous close of 9,531.60.
  • Fri 28 Feb 2020 down Opened at 9,612.35, -2.04% below the previous close of 9,812.80.
  • Thu 27 Feb 2020 up Opened at 9,730.00, +1.05% above the previous close of 9,628.80.

Just hit Move of X% within M candles · Runs, breaks and structure · reading down

13 hits in 70 candles · test this one alone Sign in to be alerted

Hit 1 session ago — Mon 13 Apr 2020

Move of X% within M candles completed on the daily candle of Mon 13 Apr 2020, a down reading, 1 session before the latest one (which closed at Wed 15 Apr 2020 at 10,732.60). Since the hit the close has moved +4.85%.

What the candles did

-3.37% in the last 3 candles, 10,593.40 to 10,236.30.

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 11 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 8 times of 11 (73%). Median move in the hit's direction +2.90%; best +18.58%, worst -9.96%. Within the window the move typically reached +4.57% in the hit's favour and -7.27% 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
  1. For each candle, take the close M candles earlier.
  2. Move % = close now / close then − 1.
  3. The pattern completes when |move %| ≥ pct; direction is the sign.
  4. Consecutive candles that all qualify in the same direction count once, at the first of them.
The last 12 hits on this name
  • Mon 13 Apr 2020 down -3.37% in the last 3 candles, 10,593.40 to 10,236.30.
  • Tue 07 Apr 2020 up +6.21% in the last 3 candles, 9,974.25 to 10,593.40.
  • Tue 24 Mar 2020 up +11.26% in the last 3 candles, 8,008.90 to 8,910.80.
  • Fri 20 Mar 2020 up +2.46% in the last 3 candles, 8,718.65 to 8,933.25.
  • Mon 09 Mar 2020 down -2.76% in the last 3 candles, 9,501.60 to 9,239.45.
  • Thu 05 Mar 2020 up +2.69% in the last 3 candles, 9,415.15 to 9,668.05.
  • Mon 02 Mar 2020 down -2.22% in the last 3 candles, 9,628.80 to 9,415.15.
  • Thu 27 Feb 2020 up +2.85% in the last 3 candles, 9,541.20 to 9,812.80.
  • Tue 25 Feb 2020 down -2.44% in the last 3 candles, 9,863.10 to 9,622.65.
  • Wed 12 Feb 2020 up +4.40% in the last 3 candles, 9,262.45 to 9,669.60.
  • Thu 06 Feb 2020 down -2.07% in the last 3 candles, 9,414.00 to 9,219.30.
  • Mon 03 Feb 2020 up +5.13% in the last 3 candles, 8,954.65 to 9,414.00.

Just hit Doji · Single-candle shapes · reading neutral

7 hits in 70 candles · test this one alone Sign in to be alerted

Hit 3 sessions ago — Wed 08 Apr 2020

Doji completed on the daily candle of Wed 08 Apr 2020, a neutral reading, 3 sessions before the latest one (which closed at Wed 15 Apr 2020 at 10,732.60). Since the hit the close has moved +0.88%.

What the candles did

Body 49.30 is 6% of the 791.75 range: open 10,590.00, close 10,639.30, high 11,296.30, low 10,504.55.

What this pattern is taken to mean

Open and close almost equal: the candle ranged but ended where it began. Read as indecision.

What followed on this name's own record

After 6 earlier hits on this name's daily candles, the close 10 sessions later was higher 4 times of 6 (67%). Median move +6.02%; best +29.89%, worst -7.55%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · body_pct = 10
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≤ body_pct of the range.
The last 7 hits on this name
  • Wed 08 Apr 2020 neutral Body 49.30 is 6% of the 791.75 range: open 10,590.00, close 10,639.30, high 11,296.30, low 10,504.55.
  • Mon 23 Mar 2020 neutral Body 80.80 is 8% of the 1,011.45 range: open 8,110.00, close 8,190.80, high 8,838.20, low 7,826.75.
  • Mon 02 Mar 2020 neutral Body 29.75 is 10% of the 311.30 range: open 9,444.90, close 9,415.15, high 9,666.60, low 9,355.30.
  • Wed 26 Feb 2020 neutral Body 18.80 is 8% of the 234.30 range: open 9,610.00, close 9,628.80, high 9,693.30, low 9,459.00.
  • Thu 09 Jan 2020 neutral Body 1.35 is 2% of the 69.45 range: open 8,394.00, close 8,392.65, high 8,445.70, low 8,376.25.
  • Mon 06 Jan 2020 neutral Body 5.70 is 4% of the 145.55 range: open 8,321.35, close 8,315.65, high 8,389.55, low 8,244.00.
  • Thu 02 Jan 2020 neutral Body 6.25 is 7% of the 86.70 range: open 8,377.45, close 8,371.20, high 8,429.00, low 8,342.30.

Just hit Bearish engulfing · Multi-candle shapes · reading down

3 hits in 70 candles · test this one alone Sign in to be alerted

Hit 2 sessions ago — Thu 09 Apr 2020

Bearish engulfing completed on the daily candle of Thu 09 Apr 2020, a down reading, 2 sessions before the latest one (which closed at Wed 15 Apr 2020 at 10,732.60). Since the hit the close has moved +3.64%.

What the candles did

An up candle (10,590.00→10,639.30) followed by a down candle (10,878.00→10,356.05) whose body covers it, after +12.10% over the 5 candles before.

What this pattern is taken to mean

An up candle followed by a down candle whose body covers it, after a rise.

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 1 of 1 times, median move -2.84%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · context = 5
  1. Take two consecutive candles.
  2. First closes above its open; second closes below its open.
  3. Second's open ≥ first's close and second's close ≤ first's open.
  4. Context: the net move over the `context` candles before the pair is positive (set 0 to skip).
The last 3 hits on this name
  • Thu 09 Apr 2020 down An up candle (10,590.00→10,639.30) followed by a down candle (10,878.00→10,356.05) whose body covers it, after +12.10% over the 5 candles before.
  • Wed 01 Apr 2020 down An up candle (9,600.00→9,974.25) followed by a down candle (10,029.00→9,548.55) whose body covers it, after +6.05% over the 5 candles before.
  • Fri 14 Feb 2020 down An up candle (9,728.00→9,773.45) followed by a down candle (9,810.00→9,690.25) whose body covers it, after +4.88% over the 5 candles before.

Just hit Shooting star · Single-candle shapes · reading down

1 hit in 70 candles · test this one alone Sign in to be alerted

Hit 3 sessions ago — Wed 08 Apr 2020

Shooting star completed on the daily candle of Wed 08 Apr 2020, a down reading, 3 sessions before the latest one (which closed at Wed 15 Apr 2020 at 10,732.60). Since the hit the close has moved +0.88%.

What the candles did

Upper wick 657.00 is 13.3× the body, the lower wick is 11% of the range, after +12.10% over the 5 candles before; high 11,296.30, close 10,639.30.

What this pattern is taken to mean

A long upper wick and a small body near the bottom, after a rise: the candle went well above and was pushed back down. Read as a high being rejected.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_times = 2, other_wick_pct = 15, context = 5
  1. Upper wick ≥ wick_times × body.
  2. Lower wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is positive (set 0 to skip).
  4. The wick's high is reported as the level rejected.
The last 1 hit on this name
  • Wed 08 Apr 2020 down Upper wick 657.00 is 13.3× the body, the lower wick is 11% of the range, after +12.10% over the 5 candles before; high 11,296.30, close 10,639.30.

Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading up

1 hit in 70 candles · test this one alone Sign in to be alerted

Last seen Fri 03 Apr 2020

The most recent hit of Impulse wave (five swings, Elliott-style) on the daily candles completed at Fri 03 Apr 2020, 5 sessions ago, an up reading. It is not in progress now. Since then the close has moved +14.71% to 10,732.60.

What the candles did

Five swings up: 1 7,680.00→9,100.05, 2 back to 7,826.75 (above where 1 began), 3 to 9,854.25, 4 back to 9,163.85 (above the top of 1), 5 to 10,084.30; wave 3 is not the shortest.

Where it stands on the latest candle

Counting up: waves 1–4 confirmed, wave 5 under way (the current swing has not yet reversed by 4%). Pivots so far 9,163.85, 10,084.30, 9,270.00, 11,296.30, 10,120.00, 10,850.00.

What this pattern is taken to mean

Five alternating swings that obey the three classical impulse rules. A count, not a prophecy: the same swings can be counted more than one way, and this is the plain mechanical reading.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · swing_pct = 4
  1. Find swings with the zigzag at swing_pct.
  2. Take six consecutive confirmed pivots L-H-L-H-L-H (up) or H-L-H-L-H-L (down).
  3. Rule 1: wave 2 does not retrace past the start of wave 1.
  4. Rule 2: wave 3 is not the shortest of waves 1, 3 and 5.
  5. Rule 3: wave 4 does not enter the price territory of wave 1.
  6. Each wave must make progress: 3 beyond 1, 5 beyond 3.
  7. The pattern completes when the sixth pivot is confirmed. Progress reports 'wave 5 under way' when the first five pivots hold and the live swing is the fifth wave.
The last 1 hit on this name
  • Fri 03 Apr 2020 up Five swings up: 1 7,680.00→9,100.05, 2 back to 7,826.75 (above where 1 began), 3 to 9,854.25, 4 back to 9,163.85 (above the top of 1), 5 to 10,084.30; wave 3 is not the shortest.

Quiet Inside bar, then a breakout · Runs, breaks and structure · reading up

4 hits in 70 candles · test this one alone Sign in to be alerted

Last seen Thu 05 Mar 2020

The most recent hit of Inside bar, then a breakout on the daily candles completed at Thu 05 Mar 2020, 24 sessions ago, an up reading. It is not in progress now. Since then the close has moved +11.01% to 10,732.60.

What the candles did

An inside candle (9,381.55–9,550.00) within the one before it (9,340.00–9,558.90), then a close at 9,668.05 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

Only 4 earlier hits 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 2 of 4 times, median move +0.29%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked
  1. Take three consecutive candles: mother, inside, break.
  2. Inside: its high ≤ mother high and its low ≥ mother low.
  3. The pattern completes when the third candle closes above the mother high (up) or below the mother low (down).
The last 4 hits on this name
  • Thu 05 Mar 2020 up An inside candle (9,381.55–9,550.00) within the one before it (9,340.00–9,558.90), then a close at 9,668.05 above that range.
  • Mon 24 Feb 2020 down An inside candle (9,655.50–9,863.00) within the one before it (9,654.65–9,935.00), then a close at 9,541.20 below that range.
  • Thu 06 Feb 2020 down An inside candle (9,289.00–9,425.00) within the one before it (9,244.55–9,460.00), then a close at 9,219.30 below that range.
  • Fri 24 Jan 2020 up An inside candle (8,787.00–8,896.80) within the one before it (8,779.80–8,917.90), then a close at 8,928.30 above that range.

Quiet RSI into overbought / oversold · Indicator-based · reading up

4 hits in 70 candles · test this one alone Sign in to be alerted

Last seen Thu 19 Mar 2020

The most recent hit of RSI into overbought / oversold on the daily candles completed at Thu 19 Mar 2020, 15 sessions ago, an up reading. It is not in progress now. Since then the close has moved +34.01% to 10,732.60.

What the candles did

RSI(14) fell to 29, into the oversold zone below 30.

What this pattern is taken to mean

Wilder's RSI crossed into the overbought zone (reported as a 'down' observation: stretched) or the oversold zone ('up': washed out).

What followed on this name's own record

Only 4 earlier hits 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 1 of 4 times, median move +3.00%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · n = 14, high = 70, low = 30
  1. Compute RSI(n) from the closes (Wilder smoothing).
  2. The pattern completes when RSI moves from below `high` to at or above it (overbought → down), or from above `low` to at or below it (oversold → up).
  3. Only the crossing candle is a hit, not every candle spent inside the zone.
The last 4 hits on this name
  • Thu 19 Mar 2020 up RSI(14) fell to 29, into the oversold zone below 30.
  • Wed 12 Feb 2020 down RSI(14) rose to 78, into the overbought zone above 70.
  • Fri 07 Feb 2020 down RSI(14) rose to 71, into the overbought zone above 70.
  • Mon 03 Feb 2020 down RSI(14) rose to 83, into the overbought zone above 70.

Quiet Lower highs and lower lows · Runs, breaks and structure · reading down

2 hits in 70 candles · test this one alone Sign in to be alerted

Last seen Mon 16 Mar 2020

The most recent hit of Lower highs and lower lows on the daily candles completed at Mon 16 Mar 2020, 18 sessions ago, a down reading. It is not in progress now. Since then the close has moved +27.49% to 10,732.60.

What the candles did

2 lower highs and lower lows on swings of at least 3%: lows 9,459.00, 9,340.00, 7,201.00; highs 9,868.00, 9,835.60.

What this pattern is taken to mean

Downtrend structure: each swing high below the last and each swing low below the last.

What followed on this name's own record

Only 2 earlier hits 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 1 of 2 times, median move -0.91%.

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
  1. Find swing highs and lows with the zigzag (pivot confirmed after a swing_pct move against it).
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high below the previous swing high, and each swing low below the previous swing low.
  4. The pattern completes on the candle where the last pivot was confirmed.
  5. The last swing high is reported as the level the structure hangs from.
The last 2 hits on this name
  • Mon 16 Mar 2020 down 2 lower highs and lower lows on swings of at least 3%: lows 9,459.00, 9,340.00, 7,201.00; highs 9,868.00, 9,835.60.
  • Fri 06 Mar 2020 down 2 lower highs and lower lows on swings of at least 3%: lows 9,459.00, 9,340.00; highs 9,935.00, 9,868.00, 9,835.60.

Quiet Moving-average cross · Indicator-based · reading up

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Last seen Wed 01 Apr 2020

The most recent hit of Moving-average cross on the daily candles completed at Wed 01 Apr 2020, 6 sessions ago, an up reading. It is not in progress now. Since then the close has moved +12.40% to 10,732.60.

What the candles did

The 9-candle average (9,238.25) crossed above the 21-candle average (9,101.45).

What this pattern is taken to mean

The faster simple average crossed the slower one. Read as the near-term average price overtaking (or falling behind) the longer one.

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 1 of 1 times, median move -3.56%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · fast = 9, slow = 21
  1. Compute SMA(fast) and SMA(slow) of the closes.
  2. The pattern completes on a candle where fast was ≤ slow on the previous candle and is > slow now (up), or ≥ before and < now (down).
  3. fast must be smaller than slow, else nothing is reported.
The last 2 hits on this name
  • Wed 01 Apr 2020 up The 9-candle average (9,238.25) crossed above the 21-candle average (9,101.45).
  • Mon 09 Mar 2020 down The 9-candle average (9,523.27) crossed below the 21-candle average (9,554.85).

Quiet Trend line: slope, length, strength · Trend and waves · reading up

2 hits in 70 candles · test this one alone Sign in to be alerted

Last seen Tue 18 Feb 2020

The most recent hit of Trend line: slope, length, strength on the daily candles completed at Tue 18 Feb 2020, 33 sessions ago, an up reading. It held for 3 sessions, through Thu 20 Feb 2020. It is not in progress now. Since then the close has moved +10.89% to 10,732.60.

What the candles did

Over the last 20 candles the fitted line rises 0.54% per candle with R² 0.82; 12 candles since the low of the window, +8.94% from it, but the last close has slipped from the line.

Where it stands on the latest candle

Slope +1.36% per candle (up), R² 0.80 (choppy), 15 candles from the window's low, +34.01% from it; the last close is with the line.

What this pattern is taken to mean

The straight-line fit through the last N closes: how steep, how long, how clean. This is the slope/length/strength reading (R6) and a version of the 20-candle rule that fires on a clean run even when one close in the middle dipped.

What followed on this name's own record

Only 2 earlier hits 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 1 of 2 times, median move +1.17%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · n = 20, min_slope_pct = 0.25, min_r2 = 0.8
  1. Fit a least-squares line through the last N closes (x = candle index).
  2. Slope % = slope / mean close × 100, per candle. R² = share of the variance the line explains (1 = a ruler, 0 = chop).
  3. Length = candles since the window's low (for a rising line) or high (falling). Magnitude = % from that extreme to the last close.
  4. Continuing = the last close is on the slope's side of the fitted line, or the last three closes all moved with the slope.
  5. The pattern completes when |slope %| ≥ min_slope_pct and R² ≥ min_r2; consecutive qualifying candles count once, at the first.
  6. Progress always reports the current slope, R², length, magnitude and whether it is continuing.
The last 2 hits on this name
  • Tue 18 Feb 2020 up Over the last 20 candles the fitted line rises 0.54% per candle with R² 0.82; 12 candles since the low of the window, +8.94% from it, but the last close has slipped from the line.
  • Tue 28 Jan 2020 up Over the last 20 candles the fitted line rises 0.46% per candle with R² 0.84; 16 candles since the low of the window, +7.15% from it, but the last close has slipped from the line.

Quiet Hammer · Single-candle shapes · reading up

2 hits in 70 candles · test this one alone Sign in to be alerted

Last seen Wed 04 Mar 2020

The most recent hit of Hammer on the daily candles completed at Wed 04 Mar 2020, 25 sessions ago, an up reading. It is not in progress now. Since then the close has moved +12.96% to 10,732.60.

What the candles did

Lower wick 120.05 is 2.5× the body, the upper wick is 0% of the range, after -1.68% over the 5 candles before; low 9,381.55, close 9,501.60.

What this pattern is taken to mean

A long lower wick and a small body near the top, after a decline: the candle went well below and was pulled back up. Read as a low being rejected.

What followed on this name's own record

Only 2 earlier hits 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 1 of 2 times, median move -6.05%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_times = 2, other_wick_pct = 15, context = 5
  1. Lower wick ≥ wick_times × body.
  2. Upper wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is negative (set 0 to skip).
  4. The wick's low is reported as the level rejected.
The last 2 hits on this name
  • Wed 04 Mar 2020 up Lower wick 120.05 is 2.5× the body, the upper wick is 0% of the range, after -1.68% over the 5 candles before; low 9,381.55, close 9,501.60.
  • Tue 28 Jan 2020 up Lower wick 112.20 is 3.9× the body, the upper wick is 6% of the range, after -0.22% over the 5 candles before; low 8,798.35, close 8,910.55.

Quiet N consecutive rising candles · Runs, breaks and structure · reading up

1 hit in 70 candles · test this one alone Sign in to be alerted

Last seen Mon 13 Jan 2020

The most recent hit of N consecutive rising candles on the daily candles completed at Mon 13 Jan 2020, 61 sessions ago, an up reading. It is not in progress now. Since then the close has moved +24.10% to 10,732.60.

What the candles did

5 consecutive rising closes, from 8,315.65 to 8,648.50 (+4.00%).

Where it stands on the latest candle

1 rising close in a row so far (+4.85%); the rule wants 5.

What this pattern is taken to mean

A momentum run: every close above the one before it for N candles. The owner's first example. Conventionally read as buyers in control for as long as it lasts.

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 1 of 1 times, median move +2.83%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · n = 5
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is above the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: how long the current streak is against N, and whether the last close is still rising.
The last 1 hit on this name
  • Mon 13 Jan 2020 up 5 consecutive rising closes, from 8,315.65 to 8,648.50 (+4.00%).

Quiet Evening star · Multi-candle shapes · reading down

1 hit in 70 candles · test this one alone Sign in to be alerted

Last seen Fri 03 Jan 2020

The most recent hit of Evening star on the daily candles completed at Fri 03 Jan 2020, 67 sessions ago, a down reading. It is not in progress now. Since then the close has moved +28.88% to 10,732.60.

What the candles did

A long up candle (8,292.00→8,373.75), a small-bodied candle, then a down candle closing at 8,327.40, below the first candle's midpoint 8,332.88.

What this pattern is taken to mean

A long up candle, a small-bodied candle, then a down candle closing below the midpoint of the first.

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 +7.30%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · small_pct = 30
  1. Take three consecutive candles.
  2. First: an up candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: a down candle closing below the midpoint of the first candle's body.
The last 1 hit on this name
  • Fri 03 Jan 2020 down A long up candle (8,292.00→8,373.75), a small-bodied candle, then a down candle closing at 8,327.40, below the first candle's midpoint 8,332.88.

Quiet Marubozu · Single-candle shapes · reading down

1 hit in 70 candles · test this one alone Sign in to be alerted

Last seen Mon 16 Mar 2020

The most recent hit of Marubozu on the daily candles completed at Mon 16 Mar 2020, 18 sessions ago, a down reading. It is not in progress now. Since then the close has moved +27.49% to 10,732.60.

What the candles did

Body 411.35 is 91% of the range: opened near the high and closed near the low (8,830.00→8,418.65).

What this pattern is taken to mean

Almost no wicks: the candle opened at one end of its range and closed at the other. Read as one side in control for the whole candle.

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 +12.25%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · body_pct = 90
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≥ body_pct of the range.
  3. Direction is the candle's colour.
The last 1 hit on this name
  • Mon 16 Mar 2020 down Body 411.35 is 91% of the range: opened near the high and closed near the low (8,830.00→8,418.65).

Quiet N consecutive falling candles · Runs, breaks and structure · reading down

0 hits in 70 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

N consecutive falling candles did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

Where it stands on the latest candle

The last close was not falling; no run under way.

What this pattern is taken to mean

The mirror: every close below the one before it for N candles. Read as sellers in control while it lasts.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · n = 5
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is below the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: the current streak against N.

Quiet Cross of a level you set · Runs, breaks and structure · reading up or down

0 hits in 70 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

Cross of a level you set did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

What this pattern is taken to mean

The close went through a price you chose. Read however you meant the level.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · level = 0
  1. Take the level you entered.
  2. The pattern completes on a candle whose close is at or above the level while the previous close was below it (up), or at or below it while the previous close was above (down).
  3. Nothing is reported until a level is set.

Quiet Bollinger squeeze, then a break · Indicator-based · reading up or down

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Not seen on the daily candles on file

Bollinger squeeze, then a break did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

What this pattern is taken to mean

The bands had narrowed to their tightest in a while, then the close left them. Read as a quiet stretch ending.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · n = 20, k = 2, squeeze = 60
  1. Compute Bollinger bands: SMA(n) ± k × standard deviation of the last n closes; bandwidth = (upper − lower) / middle.
  2. Squeeze: the smallest bandwidth in the last 6 candles is within 5% of the smallest over the last `squeeze` candles.
  3. The pattern completes on a candle that closes above the upper band having been at or below it the candle before (up), or the mirror below the lower band (down), while squeezed.

Quiet Bullish engulfing · Multi-candle shapes · reading up

0 hits in 70 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

Bullish engulfing did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

What this pattern is taken to mean

A down candle followed by an up candle whose body covers it, after a decline. Read as the decline being rejected in one candle.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · context = 5
  1. Take two consecutive candles.
  2. First closes below its open; second closes above its open.
  3. Second's open ≤ first's close and second's close ≥ first's open (its body covers the first's body).
  4. Context: the net move over the `context` candles before the pair is negative (set 0 to skip).

Quiet Morning star · Multi-candle shapes · reading up

0 hits in 70 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

Morning star did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

What this pattern is taken to mean

A long down candle, a small-bodied candle, then an up candle closing above the midpoint of the first. Read as a decline stalling and turning.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · small_pct = 30
  1. Take three consecutive candles.
  2. First: a down candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: an up candle closing above the midpoint of the first candle's body.

Quiet Three white soldiers · Multi-candle shapes · reading up

0 hits in 70 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

Three white soldiers did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

What this pattern is taken to mean

Three up candles in a row, each opening inside the previous body and closing higher, with little upper wick.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_pct = 30
  1. Take three consecutive candles, all closing above their opens.
  2. Each close above the previous close.
  3. Each open inside the previous candle's body.
  4. Each upper wick no more than wick_pct of its body.

Quiet Three black crows · Multi-candle shapes · reading down

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Not seen on the daily candles on file

Three black crows did not complete anywhere in the 70 daily candles stored for this name (from Wed 01 Jan 2020 to Wed 15 Apr 2020).

What this pattern is taken to mean

Three down candles in a row, each opening inside the previous body and closing lower, with little lower wick.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_pct = 30
  1. Take three consecutive candles, all closing below their opens.
  2. Each close below the previous close.
  3. Each open inside the previous candle's body.
  4. Each lower wick no more than wick_pct of its body.

The library, rule by rule

What each pattern checks, in the order the code checks it, with the parameters and their defaults for daily candles. The "meaning" is the convention the pattern is named for, stated as a convention; whether it held on a given name is what the test above measures.

Runs, breaks and structure

Rules on closes, highs and lows alone. Plain to state, plain to check.
N consecutive rising candles · reading up · any candleA momentum run: every close above the one before it for N candles. The owner's first example. Conventionally read as buyers in control for as long as it lasts.
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is above the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: how long the current streak is against N, and whether the last close is still rising.
n = 5
Consecutive rising closes (N) — The owner's momentum-run example uses 20.

Test this pattern on GSKCONS

N consecutive falling candles · reading down · any candleThe mirror: every close below the one before it for N candles. Read as sellers in control while it lasts.
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is below the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: the current streak against N.
n = 5
Consecutive falling closes (N)

Test this pattern on GSKCONS

Higher highs and higher lows · reading up · any candleUptrend 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.
  1. Find swing highs and lows with the zigzag: a pivot is confirmed once price has moved swing_pct against it.
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high in the window above the previous swing high, and each swing low above the previous swing low.
  4. The pattern completes on the candle where the last pivot in the window was confirmed.
  5. The last swing low is reported as the level the structure stands on.
swings = 2
Higher highs / higher lows required
swing_pct = 3
Minimum swing size, % — Smaller on intraday candles.

Test this pattern on GSKCONS

Lower highs and lower lows · reading down · any candleDowntrend structure: each swing high below the last and each swing low below the last.
  1. Find swing highs and lows with the zigzag (pivot confirmed after a swing_pct move against it).
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high below the previous swing high, and each swing low below the previous swing low.
  4. The pattern completes on the candle where the last pivot was confirmed.
  5. The last swing high is reported as the level the structure hangs from.
swings = 2
Lower highs / lower lows required
swing_pct = 3
Minimum swing size, %

Test this pattern on GSKCONS

Gap at the open · reading up or down · any candleThe session opened at least X% away from the previous close. Read as news or flow arriving overnight.
  1. At the first candle of each session, compare its open with the last close of the previous session.
  2. Gap % = open / previous close − 1.
  3. The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
  4. On daily candles this is simply open vs the previous day's close.
pct = 1
Minimum gap, %

Test this pattern on GSKCONS

Move of X% within M candles · reading up or down · any candleA fast move: the close is at least X% away from where it was M candles ago. Read as a burst of one-sided flow.
  1. For each candle, take the close M candles earlier.
  2. Move % = close now / close then − 1.
  3. The pattern completes when |move %| ≥ pct; direction is the sign.
  4. Consecutive candles that all qualify in the same direction count once, at the first of them.
pct = 2
Minimum move, %
candles = 3
Within this many candles (M)

Test this pattern on GSKCONS

Cross of a level you set · reading up or down · any candleThe close went through a price you chose. Read however you meant the level.
  1. Take the level you entered.
  2. The pattern completes on a candle whose close is at or above the level while the previous close was below it (up), or at or below it while the previous close was above (down).
  3. Nothing is reported until a level is set.
level = 0
Your level, ₹ — Required — leave at 0 and this pattern reports nothing.

Test this pattern on GSKCONS

Inside bar, then a breakout · reading up or down · any candleA 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.
  1. Take three consecutive candles: mother, inside, break.
  2. Inside: its high ≤ mother high and its low ≥ mother low.
  3. The pattern completes when the third candle closes above the mother high (up) or below the mother low (down).

Test this pattern on GSKCONS

Indicator-based

Rules on a derived line: moving averages, VWAP, volume, RSI, Bollinger bands.
Moving-average cross · reading up or down · any candleThe faster simple average crossed the slower one. Read as the near-term average price overtaking (or falling behind) the longer one.
  1. Compute SMA(fast) and SMA(slow) of the closes.
  2. The pattern completes on a candle where fast was ≤ slow on the previous candle and is > slow now (up), or ≥ before and < now (down).
  3. fast must be smaller than slow, else nothing is reported.
fast = 9
Fast average, candles
slow = 21
Slow average, candles

Test this pattern on GSKCONS

Volume spike · reading up or down · any candleOne candle traded many times the recent average volume. Read as attention arriving; the candle's colour says which way it leaned.
  1. Average the volume of the previous M candles (those that reported one).
  2. The pattern completes when this candle's volume ≥ times × that average.
  3. Direction is the candle's own: up if it closed above its open, down if below, neutral if flat.
times = 3
Multiple of the average
candles = 20
Average over this many candles (M)

Test this pattern on GSKCONS

RSI into overbought / oversold · reading up or down · any candleWilder's RSI crossed into the overbought zone (reported as a 'down' observation: stretched) or the oversold zone ('up': washed out).
  1. Compute RSI(n) from the closes (Wilder smoothing).
  2. The pattern completes when RSI moves from below `high` to at or above it (overbought → down), or from above `low` to at or below it (oversold → up).
  3. Only the crossing candle is a hit, not every candle spent inside the zone.
n = 14
RSI length
high = 70
Overbought above
low = 30
Oversold below

Test this pattern on GSKCONS

Bollinger squeeze, then a break · reading up or down · any candleThe bands had narrowed to their tightest in a while, then the close left them. Read as a quiet stretch ending.
  1. Compute Bollinger bands: SMA(n) ± k × standard deviation of the last n closes; bandwidth = (upper − lower) / middle.
  2. Squeeze: the smallest bandwidth in the last 6 candles is within 5% of the smallest over the last `squeeze` candles.
  3. The pattern completes on a candle that closes above the upper band having been at or below it the candle before (up), or the mirror below the lower band (down), while squeezed.
n = 20
Band length
k = 2
Standard deviations
squeeze = 60
Tightest in this many candles

Test this pattern on GSKCONS

Trend and waves

The fitted trend line and the swing count. A wave count is a reading of the swings, not a prophecy.
Trend line: slope, length, strength · reading up or down · any candleThe straight-line fit through the last N closes: how steep, how long, how clean. This is the slope/length/strength reading (R6) and a version of the 20-candle rule that fires on a clean run even when one close in the middle dipped.
  1. Fit a least-squares line through the last N closes (x = candle index).
  2. Slope % = slope / mean close × 100, per candle. R² = share of the variance the line explains (1 = a ruler, 0 = chop).
  3. Length = candles since the window's low (for a rising line) or high (falling). Magnitude = % from that extreme to the last close.
  4. Continuing = the last close is on the slope's side of the fitted line, or the last three closes all moved with the slope.
  5. The pattern completes when |slope %| ≥ min_slope_pct and R² ≥ min_r2; consecutive qualifying candles count once, at the first.
  6. Progress always reports the current slope, R², length, magnitude and whether it is continuing.
n = 20
Candles in the fit (N)
min_slope_pct = 0.25
Minimum slope, % per candle
min_r2 = 0.8
Minimum R²

Test this pattern on GSKCONS

Impulse wave (five swings, Elliott-style) · reading up or down · any candleFive alternating swings that obey the three classical impulse rules. A count, not a prophecy: the same swings can be counted more than one way, and this is the plain mechanical reading.
  1. Find swings with the zigzag at swing_pct.
  2. Take six consecutive confirmed pivots L-H-L-H-L-H (up) or H-L-H-L-H-L (down).
  3. Rule 1: wave 2 does not retrace past the start of wave 1.
  4. Rule 2: wave 3 is not the shortest of waves 1, 3 and 5.
  5. Rule 3: wave 4 does not enter the price territory of wave 1.
  6. Each wave must make progress: 3 beyond 1, 5 beyond 3.
  7. The pattern completes when the sixth pivot is confirmed. Progress reports 'wave 5 under way' when the first five pivots hold and the live swing is the fifth wave.
swing_pct = 4
Minimum swing size, %

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Multi-candle shapes

Two- and three-candle shapes from the classical catalogue.
Bullish engulfing · reading up · any candleA down candle followed by an up candle whose body covers it, after a decline. Read as the decline being rejected in one candle.
  1. Take two consecutive candles.
  2. First closes below its open; second closes above its open.
  3. Second's open ≤ first's close and second's close ≥ first's open (its body covers the first's body).
  4. Context: the net move over the `context` candles before the pair is negative (set 0 to skip).
context = 5
Decline measured over this many candles before

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Bearish engulfing · reading down · any candleAn up candle followed by a down candle whose body covers it, after a rise.
  1. Take two consecutive candles.
  2. First closes above its open; second closes below its open.
  3. Second's open ≥ first's close and second's close ≤ first's open.
  4. Context: the net move over the `context` candles before the pair is positive (set 0 to skip).
context = 5
Rise measured over this many candles before

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Morning star · reading up · any candleA long down candle, a small-bodied candle, then an up candle closing above the midpoint of the first. Read as a decline stalling and turning.
  1. Take three consecutive candles.
  2. First: a down candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: an up candle closing above the midpoint of the first candle's body.
small_pct = 30
Middle candle body, % of the first's

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Evening star · reading down · any candleA long up candle, a small-bodied candle, then a down candle closing below the midpoint of the first.
  1. Take three consecutive candles.
  2. First: an up candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: a down candle closing below the midpoint of the first candle's body.
small_pct = 30
Middle candle body, % of the first's

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Three white soldiers · reading up · any candleThree up candles in a row, each opening inside the previous body and closing higher, with little upper wick.
  1. Take three consecutive candles, all closing above their opens.
  2. Each close above the previous close.
  3. Each open inside the previous candle's body.
  4. Each upper wick no more than wick_pct of its body.
wick_pct = 30
Maximum upper wick, % of body

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Three black crows · reading down · any candleThree down candles in a row, each opening inside the previous body and closing lower, with little lower wick.
  1. Take three consecutive candles, all closing below their opens.
  2. Each close below the previous close.
  3. Each open inside the previous candle's body.
  4. Each lower wick no more than wick_pct of its body.
wick_pct = 30
Maximum lower wick, % of body

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Single-candle shapes

One candle's body and wicks. Weak on their own; shown with what followed on this name.
Doji · reading neutral · any candleOpen and close almost equal: the candle ranged but ended where it began. Read as indecision.
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≤ body_pct of the range.
body_pct = 10
Body no more than this % of the range

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Hammer · reading up · any candleA long lower wick and a small body near the top, after a decline: the candle went well below and was pulled back up. Read as a low being rejected.
  1. Lower wick ≥ wick_times × body.
  2. Upper wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is negative (set 0 to skip).
  4. The wick's low is reported as the level rejected.
wick_times = 2
Lower wick at least this many × body
other_wick_pct = 15
Upper wick at most this % of range
context = 5
Decline measured over this many candles before

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Shooting star · reading down · any candleA long upper wick and a small body near the bottom, after a rise: the candle went well above and was pushed back down. Read as a high being rejected.
  1. Upper wick ≥ wick_times × body.
  2. Lower wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is positive (set 0 to skip).
  4. The wick's high is reported as the level rejected.
wick_times = 2
Upper wick at least this many × body
other_wick_pct = 15
Lower wick at most this % of range
context = 5
Rise measured over this many candles before

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Marubozu · reading up or down · any candleAlmost no wicks: the candle opened at one end of its range and closed at the other. Read as one side in control for the whole candle.
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≥ body_pct of the range.
  3. Direction is the candle's colour.
body_pct = 90
Body at least this % of the range

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Indicator definitions: SMA(n) is the mean of the last n closes. RSI(n) is Wilder's — average gain over average loss, smoothed by (previous × (n−1) + now) / n. ATR(n) is the Wilder-smoothed mean of the true range. Bollinger bands are SMA(n) ± k standard deviations of the same n closes. VWAP is Σ(typical price × volume) / Σ volume within the session, typical price = (high + low + close) / 3. The trend line is ordinary least squares on close against candle index. Swings come from a zigzag that confirms a pivot once price has moved the swing size against it.