In progress now Move of X% within M candles · Runs, breaks and structure · reading up
20 hits in 67 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 05 Apr 2021
Move of X% within M candles completed on the candle that closed at week of 05 Apr 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
+2.47% in the last 3 candles, 748.10 to 766.55.
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 18 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) 7 times of 18 (39%). Median move in the hit's direction -3.77%; best +37.12%, worst -55.81%. Within the window the move typically reached +3.15% in the hit's favour and -9.93% 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 · 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 Apr 2021 up +2.47% in the last 3 candles, 748.10 to 766.55.
- week of 15 Mar 2021 up +4.19% in the last 3 candles, 718.00 to 748.10.
- week of 18 Jan 2021 up +8.92% in the last 3 candles, 481.50 to 524.45.
- week of 11 Jan 2021 down -2.27% in the last 3 candles, 480.20 to 469.30.
- week of 02 Nov 2020 up +2.33% in the last 3 candles, 400.90 to 410.25.
- week of 12 Oct 2020 down -2.42% in the last 3 candles, 410.85 to 400.90.
- week of 28 Sep 2020 up +4.98% in the last 3 candles, 397.75 to 417.55.
- week of 07 Sep 2020 down -5.40% in the last 3 candles, 420.45 to 397.75.
- week of 17 Aug 2020 up +13.21% in the last 3 candles, 371.40 to 420.45.
- week of 03 Aug 2020 down -2.70% in the last 3 candles, 377.95 to 367.75.
- week of 13 Jul 2020 up +2.93% in the last 3 candles, 367.20 to 377.95.
- week of 25 May 2020 up +7.46% in the last 3 candles, 341.65 to 367.15.