In progress now Move of X% within M candles · Runs, breaks and structure · reading down
78 hits in 358 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 27 Feb 2023
Move of X% within M candles completed on the candle that closed at Mon 27 Feb 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
-7.14% in the last 3 candles, 0.70 to 0.65.
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 75 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) 34 times of 75 (45%). Median move in the hit's direction +0.00%; best +100.00%, worst -128.57%. Within the window the move typically reached +16.67% in the hit's favour and -16.67% 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
- Mon 27 Feb 2023 down -7.14% in the last 3 candles, 0.70 to 0.65.
- Mon 13 Feb 2023 down -7.14% in the last 3 candles, 0.70 to 0.65.
- Mon 09 Jan 2023 down -6.25% in the last 3 candles, 0.80 to 0.75.
- Mon 17 Oct 2022 up +18.18% in the last 3 candles, 0.55 to 0.65.
- Mon 26 Sep 2022 down -15.38% in the last 3 candles, 0.65 to 0.55.
- Mon 01 Aug 2022 up +11.11% in the last 3 candles, 0.45 to 0.50.
- Mon 23 May 2022 down -6.25% in the last 3 candles, 0.80 to 0.75.
- Mon 14 Mar 2022 down -13.04% in the last 3 candles, 1.15 to 1.00.
- Mon 03 Jan 2022 up +6.25% in the last 3 candles, 0.80 to 0.85.
- Mon 06 Dec 2021 down -5.56% in the last 3 candles, 0.90 to 0.85.
- Wed 10 Nov 2021 up +20.00% in the last 3 candles, 0.50 to 0.60.
- Mon 08 Nov 2021 down -9.09% in the last 3 candles, 0.55 to 0.50.