In progress now Move of X% within M candles · Runs, breaks and structure · reading down
32 hits in 138 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 27 Feb 2023
Move of X% within M candles completed on the candle that closed at week of 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 30 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) 15 times of 30 (50%). Median move in the hit's direction +3.33%; best +46.15%, worst -150.00%. Within the window the move typically reached +20.00% in the hit's favour and -9.09% 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 27 Feb 2023 down -7.14% in the last 3 candles, 0.70 to 0.65.
- week of 13 Feb 2023 down -7.14% in the last 3 candles, 0.70 to 0.65.
- week of 09 Jan 2023 down -6.25% in the last 3 candles, 0.80 to 0.75.
- week of 17 Oct 2022 up +18.18% in the last 3 candles, 0.55 to 0.65.
- week of 26 Sep 2022 down -15.38% in the last 3 candles, 0.65 to 0.55.
- week of 01 Aug 2022 up +11.11% in the last 3 candles, 0.45 to 0.50.
- week of 23 May 2022 down -6.25% in the last 3 candles, 0.80 to 0.75.
- week of 14 Mar 2022 down -13.04% in the last 3 candles, 1.15 to 1.00.
- week of 03 Jan 2022 up +6.25% in the last 3 candles, 0.80 to 0.85.
- week of 06 Dec 2021 down -5.56% in the last 3 candles, 0.90 to 0.85.
- week of 08 Nov 2021 up +40.00% in the last 3 candles, 0.50 to 0.70.
- week of 11 Oct 2021 down -16.67% in the last 3 candles, 0.60 to 0.50.