Building N consecutive rising candles · Runs, breaks and structure · reading up
9 hits in 520 candles · test this one alone Sign in to be alertedLast seen Fri 25 Nov 2022
The most recent hit of N consecutive rising candles on the daily candles completed at Fri 25 Nov 2022, 58 sessions ago, an up reading. It is not in progress now. Since then the close has moved -5.86% to 508.85.
What the candles did
5 consecutive rising closes, from 503.40 to 540.55 (+7.38%).
Where it stands on the latest candle
3 rising closes in a row so far (+1.65%); 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
After 9 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 6 times of 9 (67%). Median move in the hit's direction +2.32%; best +5.63%, worst -11.89%. Within the window the move typically reached +5.03% in the hit's favour and -1.97% 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 · n = 5
- Walk the candles in order.
- Count a streak: +1 when this close is above the previous close, back to 0 otherwise.
- The pattern completes on the candle where the streak first reaches N.
- Report the move from the close before the run to the close that completed it.
- Progress: how long the current streak is against N, and whether the last close is still rising.
The last 9 hits on this name
- Fri 25 Nov 2022 up 5 consecutive rising closes, from 503.40 to 540.55 (+7.38%).
- Mon 01 Aug 2022 up 5 consecutive rising closes, from 543.35 to 595.90 (+9.67%).
- Fri 24 Jun 2022 up 5 consecutive rising closes, from 455.55 to 504.05 (+10.65%).
- Mon 31 Jan 2022 up 5 consecutive rising closes, from 380.25 to 416.85 (+9.63%).
- Tue 11 Jan 2022 up 5 consecutive rising closes, from 355.10 to 370.40 (+4.31%).
- Mon 08 Nov 2021 up 5 consecutive rising closes, from 417.25 to 462.35 (+10.81%).
- Thu 30 Sep 2021 up 5 consecutive rising closes, from 348.55 to 393.25 (+12.82%).
- Thu 27 May 2021 up 5 consecutive rising closes, from 291.55 to 314.20 (+7.77%).
- Tue 27 Apr 2021 up 5 consecutive rising closes, from 252.45 to 274.00 (+8.54%).