In progress now Move of X% within M candles · Runs, breaks and structure · reading down
18 hits in 73 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 17 May 2021
Move of X% within M candles completed on the candle that closed at week of 17 May 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
-2.05% in the last 3 candles, 141.15 to 138.25.
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 17 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) 10 times of 17 (59%). Median move in the hit's direction +0.63%; best +38.84%, worst -41.23%. Within the window the move typically reached +4.03% in the hit's favour and -11.61% 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 · 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 17 May 2021 down -2.05% in the last 3 candles, 141.15 to 138.25.
- week of 01 Mar 2021 up +5.88% in the last 3 candles, 80.85 to 85.60.
- week of 22 Feb 2021 down -4.82% in the last 3 candles, 85.10 to 81.00.
- week of 01 Feb 2021 up +4.48% in the last 3 candles, 81.45 to 85.10.
- week of 18 Jan 2021 down -5.03% in the last 3 candles, 82.45 to 78.30.
- week of 04 Jan 2021 up +3.52% in the last 3 candles, 81.05 to 83.90.
- week of 21 Dec 2020 down -7.08% in the last 3 candles, 84.80 to 78.80.
- week of 09 Nov 2020 up +4.33% in the last 3 candles, 75.10 to 78.35.
- week of 05 Oct 2020 down -7.54% in the last 3 candles, 82.90 to 76.65.
- week of 14 Sep 2020 up +14.34% in the last 3 candles, 72.50 to 82.90.
- week of 07 Sep 2020 down -2.75% in the last 3 candles, 78.15 to 76.00.
- week of 25 May 2020 up +8.18% in the last 3 candles, 45.85 to 49.60.