In progress now Trend line: slope, length, strength · Trend and waves · reading down
4 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 05 Oct 2026
Trend line: slope, length, strength completed on the candle that closed at week of 05 Oct 2026, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Over the last 20 candles the fitted line falls 0.92% per candle with R² 0.81; 16 candles since the high of the window, -17.53% from it, but the last close has slipped from the line.
Where it stands on the latest candle
Slope -0.92% per candle (down), R² 0.81 (straight), 16 candles from the window's high, -17.53% from it; the last close is off the line.
What this pattern is taken to mean
The straight-line fit through the last N closes: how steep, how long, how clean. This is the slope/length/strength reading (R6) and a version of the 20-candle rule that fires on a clean run even when one close in the middle dipped.
What followed on this name's own record
Only 3 earlier hits on this name's weekly candles with 4 weeks after them — too few to say what usually follows. For what it is worth: the close 4 weeks later went the hit's way 1 of 3 times, median move +5.48%.
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 = 20, min_slope_pct = 0.25, min_r2 = 0.8
- Fit a least-squares line through the last N closes (x = candle index).
- Slope % = slope / mean close × 100, per candle. R² = share of the variance the line explains (1 = a ruler, 0 = chop).
- Length = candles since the window's low (for a rising line) or high (falling). Magnitude = % from that extreme to the last close.
- Continuing = the last close is on the slope's side of the fitted line, or the last three closes all moved with the slope.
- The pattern completes when |slope %| ≥ min_slope_pct and R² ≥ min_r2; consecutive qualifying candles count once, at the first.
- Progress always reports the current slope, R², length, magnitude and whether it is continuing.
The last 4 hits on this name
- week of 05 Oct 2026 down Over the last 20 candles the fitted line falls 0.92% per candle with R² 0.81; 16 candles since the high of the window, -17.53% from it, but the last close has slipped from the line.
- week of 06 Apr 2026 up Over the last 20 candles the fitted line rises 1.27% per candle with R² 0.82; 11 candles since the low of the window, +22.62% from it, but the last close has slipped from the line.
- week of 03 Nov 2025 down Over the last 20 candles the fitted line falls 0.56% per candle with R² 0.82; 17 candles since the high of the window, -13.48% from it, and the last close is still with the line.
- week of 20 Jan 2025 down Over the last 20 candles the fitted line falls 2.00% per candle with R² 0.91; 17 candles since the high of the window, -30.62% from it, but the last close has slipped from the line.