Just hit Move of X% within M candles · Runs, breaks and structure · reading up
27 hits in 110 candles · test this one alone Sign in to be alertedHit 1 week ago — week of 03 Jul 2023
Move of X% within M candles completed on the weekly candle of week of 19 Jun 2023, an up reading, 1 week before the latest one (which closed at week of 10 Jul 2023 at 2,724.30). It held for 3 weeks, through week of 03 Jul 2023. Since the hit the close has moved -1.63%.
What the candles did
+2.92% in the last 3 candles, 2,645.90 to 2,723.15.
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 26 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) 13 times of 26 (50%). Median move in the hit's direction -0.34%; best +13.50%, worst -11.35%. Within the window the move typically reached +3.65% in the hit's favour and -4.62% 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 = 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 19 Jun 2023 up +2.92% in the last 3 candles, 2,645.90 to 2,723.15.
- week of 29 May 2023 down -4.70% in the last 3 candles, 2,776.30 to 2,645.90.
- week of 15 May 2023 down -2.33% in the last 3 candles, 2,775.60 to 2,710.95.
- week of 01 May 2023 down -3.03% in the last 3 candles, 2,786.85 to 2,702.30.
- week of 03 Apr 2023 up +6.44% in the last 3 candles, 2,564.15 to 2,729.30.
- week of 20 Mar 2023 down -3.26% in the last 3 candles, 2,646.10 to 2,559.90.
- week of 06 Mar 2023 down -3.14% in the last 3 candles, 2,693.60 to 2,608.90.
- week of 20 Feb 2023 down -4.36% in the last 3 candles, 2,694.65 to 2,577.15.
- week of 16 Jan 2023 up +2.97% in the last 3 candles, 2,637.60 to 2,715.95.
- week of 02 Jan 2023 down -2.68% in the last 3 candles, 2,667.45 to 2,596.00.
- week of 17 Oct 2022 up +2.72% in the last 3 candles, 2,287.75 to 2,349.90.
- week of 19 Sep 2022 down -3.73% in the last 3 candles, 2,444.35 to 2,353.25.