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Patterns

Every pattern here is a rule over stored candles, written out step by step below. Pick a name and a candle size, then one pattern to test — or let the library look for anything in progress. A hit is an observation of what the candles just did; what followed the earlier hits on the same name is counted and shown beside it, every hit included. For what the candles in progress say about the coming hours and days, open the outlook; to be told when a pattern completes, sign in and tap Alert me on any card.

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Defaults shown are for daily candles; change the candle size and re-test to see that size's defaults. Intraday candles exist only for names on a reader's watchlist, from the day they were added; daily candles go back to 2021.

MELSTAR · MELSTAR · daily candles

520 candles on file from 10 Dec 2021 as of the close of 2 Sep 2024 last close ₹4.25 judged 10 candles after each hit the outlook for the coming hours and days →

The candles, with the hits marked

last 160 of 520 · shaded = the formation · triangle = the candle it completed on · dashed = a level the latest hit named
6.292.014.25 last9 Oct 20238 Feb 20242 Sep 20249 Oct 2023 O 2.25 H 2.25 L 2.25 C 2.2510 Oct 2023 O 2.25 H 2.25 L 2.25 C 2.2511 Oct 2023 O 2.25 H 2.25 L 2.15 C 2.1512 Oct 2023 O 2.15 H 2.25 L 2.10 C 2.2513 Oct 2023 O 2.25 H 2.35 L 2.15 C 2.2016 Oct 2023 O 2.20 H 2.30 L 2.10 C 2.3017 Oct 2023 O 2.35 H 2.40 L 2.20 C 2.2018 Oct 2023 O 2.30 H 2.30 L 2.30 C 2.3019 Oct 2023 O 2.35 H 2.40 L 2.20 C 2.2020 Oct 2023 O 2.30 H 2.30 L 2.15 C 2.1523 Oct 2023 O 2.15 H 2.20 L 2.10 C 2.2025 Oct 2023 O 2.20 H 2.30 L 2.10 C 2.1026 Oct 2023 O 2.15 H 2.15 L 2.00 C 2.0027 Oct 2023 O 2.10 H 2.10 L 2.10 C 2.1030 Oct 2023 O 2.20 H 2.20 L 2.15 C 2.151 Nov 2023 O 2.25 H 2.25 L 2.25 C 2.253 Nov 2023 O 2.25 H 2.35 L 2.25 C 2.356 Nov 2023 O 2.45 H 2.45 L 2.25 C 2.457 Nov 2023 O 2.45 H 2.55 L 2.35 C 2.558 Nov 2023 O 2.65 H 2.65 L 2.45 C 2.6510 Nov 2023 O 2.65 H 2.75 L 2.65 C 2.7513 Nov 2023 O 2.90 H 2.95 L 2.80 C 2.9515 Nov 2023 O 3.05 H 3.05 L 3.05 C 3.0516 Nov 2023 O 3.20 H 3.20 L 3.20 C 3.2017 Nov 2023 O 3.35 H 3.35 L 3.35 C 3.3520 Nov 2023 O 3.50 H 3.50 L 3.20 C 3.5021 Nov 2023 O 3.65 H 3.65 L 3.65 C 3.6522 Nov 2023 O 3.80 H 3.80 L 3.70 C 3.8023 Nov 2023 O 3.95 H 3.95 L 3.90 C 3.9524 Nov 2023 O 4.10 H 4.10 L 4.05 C 4.1028 Nov 2023 O 4.30 H 4.30 L 4.30 C 4.3029 Nov 2023 O 4.25 H 4.25 L 4.25 C 4.2530 Nov 2023 O 4.20 H 4.20 L 4.20 C 4.201 Dec 2023 O 4.15 H 4.25 L 4.15 C 4.254 Dec 2023 O 4.25 H 4.25 L 4.25 C 4.255 Dec 2023 O 4.25 H 4.25 L 4.20 C 4.206 Dec 2023 O 4.15 H 4.15 L 4.15 C 4.157 Dec 2023 O 4.10 H 4.20 L 4.10 C 4.208 Dec 2023 O 4.25 H 4.25 L 4.25 C 4.2511 Dec 2023 O 4.30 H 4.30 L 4.30 C 4.3012 Dec 2023 O 4.35 H 4.35 L 4.35 C 4.3513 Dec 2023 O 4.40 H 4.40 L 4.40 C 4.4014 Dec 2023 O 4.45 H 4.45 L 4.40 C 4.4515 Dec 2023 O 4.50 H 4.50 L 4.50 C 4.5018 Dec 2023 O 4.55 H 4.55 L 4.50 C 4.5019 Dec 2023 O 4.55 H 4.55 L 4.45 C 4.4520 Dec 2023 O 4.50 H 4.50 L 4.45 C 4.5021 Dec 2023 O 4.45 H 4.45 L 4.45 C 4.4522 Dec 2023 O 4.45 H 4.45 L 4.40 C 4.4026 Dec 2023 O 4.45 H 4.45 L 4.35 C 4.3527 Dec 2023 O 4.30 H 4.30 L 4.30 C 4.3028 Dec 2023 O 4.25 H 4.25 L 4.25 C 4.2529 Dec 2023 O 4.25 H 4.30 L 4.25 C 4.251 Jan 2024 O 4.25 H 4.25 L 4.20 C 4.202 Jan 2024 O 4.20 H 4.20 L 4.20 C 4.203 Jan 2024 O 4.20 H 4.20 L 4.15 C 4.154 Jan 2024 O 4.15 H 4.15 L 4.10 C 4.105 Jan 2024 O 4.15 H 4.15 L 4.15 C 4.158 Jan 2024 O 4.35 H 4.35 L 4.35 C 4.359 Jan 2024 O 4.55 H 4.55 L 4.55 C 4.5510 Jan 2024 O 4.70 H 4.75 L 4.70 C 4.7511 Jan 2024 O 4.95 H 4.95 L 4.95 C 4.9512 Jan 2024 O 5.15 H 5.15 L 5.05 C 5.1515 Jan 2024 O 5.40 H 5.40 L 5.40 C 5.4016 Jan 2024 O 5.65 H 5.65 L 5.65 C 5.6517 Jan 2024 O 5.70 H 5.75 L 5.70 C 5.7518 Jan 2024 O 5.85 H 5.85 L 5.85 C 5.8519 Jan 2024 O 5.95 H 5.95 L 5.95 C 5.9520 Jan 2024 O 6.00 H 6.05 L 6.00 C 6.0523 Jan 2024 O 6.05 H 6.15 L 6.05 C 6.1524 Jan 2024 O 6.25 H 6.25 L 6.20 C 6.2025 Jan 2024 O 6.30 H 6.30 L 6.20 C 6.2029 Jan 2024 O 6.20 H 6.20 L 6.10 C 6.1030 Jan 2024 O 6.10 H 6.10 L 6.00 C 6.0031 Jan 2024 O 6.10 H 6.10 L 6.00 C 6.001 Feb 2024 O 6.00 H 6.00 L 6.00 C 6.002 Feb 2024 O 6.00 H 6.00 L 6.00 C 6.005 Feb 2024 O 5.90 H 5.90 L 5.90 C 5.906 Feb 2024 O 5.80 H 5.80 L 5.80 C 5.807 Feb 2024 O 5.80 H 5.80 L 5.70 C 5.708 Feb 2024 O 5.60 H 5.60 L 5.60 C 5.609 Feb 2024 O 5.50 H 5.50 L 5.50 C 5.5012 Feb 2024 O 5.40 H 5.40 L 5.40 C 5.4013 Feb 2024 O 5.30 H 5.30 L 5.30 C 5.3014 Feb 2024 O 5.20 H 5.20 L 5.20 C 5.2015 Feb 2024 O 5.20 H 5.30 L 5.10 C 5.3016 Feb 2024 O 5.30 H 5.30 L 5.30 C 5.3019 Feb 2024 O 5.30 H 5.30 L 5.20 C 5.2020 Feb 2024 O 5.10 H 5.10 L 5.10 C 5.1021 Feb 2024 O 5.00 H 5.00 L 5.00 C 5.0022 Feb 2024 O 5.10 H 5.10 L 5.10 C 5.1023 Feb 2024 O 5.20 H 5.20 L 5.20 C 5.2026 Feb 2024 O 5.45 H 5.45 L 5.45 C 5.4527 Feb 2024 O 5.70 H 5.70 L 5.20 C 5.3528 Feb 2024 O 5.35 H 5.60 L 5.10 C 5.2529 Feb 2024 O 5.40 H 5.50 L 5.05 C 5.501 Mar 2024 O 5.65 H 5.75 L 5.25 C 5.304 Mar 2024 O 5.30 H 5.55 L 5.05 C 5.055 Mar 2024 O 5.30 H 5.30 L 4.80 C 5.256 Mar 2024 O 5.50 H 5.50 L 5.00 C 5.507 Mar 2024 O 5.70 H 5.75 L 5.25 C 5.2511 Mar 2024 O 5.50 H 5.50 L 5.00 C 5.3012 Mar 2024 O 5.50 H 5.50 L 5.05 C 5.0513 Mar 2024 O 5.05 H 5.05 L 4.80 C 4.8014 Mar 2024 O 4.80 H 5.00 L 4.60 C 5.0015 Mar 2024 O 5.25 H 5.25 L 4.75 C 4.7518 Mar 2024 O 4.70 H 4.70 L 4.60 C 4.6519 Mar 2024 O 4.65 H 4.65 L 4.45 C 4.6520 Mar 2024 O 4.75 H 4.75 L 4.45 C 4.6521 Mar 2024 O 4.65 H 4.85 L 4.45 C 4.8022 Mar 2024 O 4.80 H 5.00 L 4.60 C 4.6526 Mar 2024 O 4.65 H 4.70 L 4.65 C 4.7027 Mar 2024 O 4.70 H 4.90 L 4.70 C 4.7028 Mar 2024 O 4.70 H 4.70 L 4.70 C 4.701 Apr 2024 O 4.65 H 4.90 L 4.50 C 4.802 Apr 2024 O 4.75 H 5.00 L 4.60 C 5.003 Apr 2024 O 5.25 H 5.25 L 5.25 C 5.254 Apr 2024 O 5.50 H 5.50 L 5.00 C 5.205 Apr 2024 O 5.45 H 5.45 L 4.95 C 5.458 Apr 2024 O 5.60 H 5.70 L 5.20 C 5.309 Apr 2024 O 5.20 H 5.20 L 5.20 C 5.2012 Apr 2024 O 5.20 H 5.20 L 5.20 C 5.2015 Apr 2024 O 5.10 H 5.10 L 5.10 C 5.1016 Apr 2024 O 5.10 H 5.10 L 5.10 C 5.1018 Apr 2024 O 5.00 H 5.00 L 5.00 C 5.0019 Apr 2024 O 5.00 H 5.00 L 4.90 C 4.9022 Apr 2024 O 4.90 H 4.90 L 4.80 C 4.8023 Apr 2024 O 4.80 H 4.80 L 4.70 C 4.7024 Apr 2024 O 4.70 H 4.70 L 4.70 C 4.7025 Apr 2024 O 4.70 H 4.70 L 4.60 C 4.6026 Apr 2024 O 4.55 H 4.60 L 4.55 C 4.6029 Apr 2024 O 4.60 H 4.60 L 4.50 C 4.502 May 2024 O 4.45 H 4.50 L 4.45 C 4.453 May 2024 O 4.45 H 4.45 L 4.45 C 4.457 May 2024 O 4.45 H 4.45 L 4.40 C 4.408 May 2024 O 4.40 H 4.40 L 4.40 C 4.409 May 2024 O 4.40 H 4.40 L 4.35 C 4.3510 May 2024 O 4.35 H 4.35 L 4.35 C 4.3513 May 2024 O 4.40 H 4.55 L 4.40 C 4.5514 May 2024 O 4.60 H 4.75 L 4.35 C 4.7015 May 2024 O 4.80 H 4.85 L 4.60 C 4.7016 May 2024 O 4.60 H 4.85 L 4.60 C 4.8517 May 2024 O 5.00 H 5.00 L 4.60 C 5.0021 May 2024 O 5.00 H 5.20 L 4.75 C 5.2022 May 2024 O 5.40 H 5.45 L 5.05 C 5.2523 May 2024 O 5.15 H 5.15 L 5.15 C 5.1524 May 2024 O 5.05 H 5.05 L 5.05 C 5.0527 May 2024 O 5.00 H 5.00 L 5.00 C 5.003 Jun 2024 O 5.00 H 5.00 L 5.00 C 5.0018 Jun 2024 O 5.00 H 5.00 L 5.00 C 5.001 Jul 2024 O 5.00 H 5.00 L 4.75 C 4.758 Jul 2024 O 4.75 H 4.75 L 4.60 C 4.7015 Jul 2024 O 4.50 H 4.50 L 4.50 C 4.5022 Jul 2024 O 4.40 H 4.40 L 4.40 C 4.4029 Jul 2024 O 4.62 H 4.62 L 4.40 C 4.405 Aug 2024 O 4.20 H 4.62 L 4.20 C 4.6112 Aug 2024 O 4.61 H 4.84 L 4.37 C 4.3719 Aug 2024 O 4.37 H 4.37 L 4.15 C 4.3726 Aug 2024 O 4.58 H 4.58 L 4.15 C 4.172 Sep 2024 O 4.15 H 4.37 L 3.96 C 4.25Mon 26 Aug 2024Mon 26 Aug 2024Mon 26 Aug 2024Mon 19 Aug 2024Mon 19 Aug 2024Mon 12 Aug 2024

In progress now Move of X% within M candles · Runs, breaks and structure · reading down

109 hits in 520 candles · test this one alone Sign in to be alerted

Hit on the latest daily candle — Mon 02 Sep 2024

Move of X% within M candles has held from the candle of Mon 26 Aug 2024 through the newest one on file (2 sessions), a down reading. It is in progress now.

What the candles did

-9.54% in the last 3 candles, 4.61 to 4.17.

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 106 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) 57 times of 106 (54%). Median move in the hit's direction +1.51%; best +55.81%, worst -38.55%. Within the window the move typically reached +8.63% in the hit's favour and -7.06% 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
  1. For each candle, take the close M candles earlier.
  2. Move % = close now / close then − 1.
  3. The pattern completes when |move %| ≥ pct; direction is the sign.
  4. Consecutive candles that all qualify in the same direction count once, at the first of them.
The last 12 hits on this name
  • Mon 26 Aug 2024 down -9.54% in the last 3 candles, 4.61 to 4.17.
  • Mon 05 Aug 2024 up +2.44% in the last 3 candles, 4.50 to 4.61.
  • Mon 01 Jul 2024 down -5.00% in the last 3 candles, 5.00 to 4.75.
  • Fri 24 May 2024 down -2.88% in the last 3 candles, 5.20 to 5.05.
  • Mon 13 May 2024 up +3.41% in the last 3 candles, 4.40 to 4.55.
  • Thu 09 May 2024 down -2.25% in the last 3 candles, 4.45 to 4.35.
  • Thu 18 Apr 2024 down -3.85% in the last 3 candles, 5.20 to 5.00.
  • Fri 12 Apr 2024 down -4.59% in the last 3 candles, 5.45 to 5.20.
  • Mon 01 Apr 2024 up +2.13% in the last 3 candles, 4.70 to 4.80.
  • Wed 27 Mar 2024 down -2.08% in the last 3 candles, 4.80 to 4.70.
  • Thu 21 Mar 2024 up +3.23% in the last 3 candles, 4.65 to 4.80.
  • Tue 12 Mar 2024 down -8.18% in the last 3 candles, 5.50 to 5.05.

Just hit Gap at the open · Runs, breaks and structure · reading up

323 hits in 520 candles · test this one alone Sign in to be alerted

Hit 1 session ago — Mon 26 Aug 2024

Gap at the open completed on the daily candle of Mon 26 Aug 2024, an up reading, 1 session before the latest one (which closed at Mon 02 Sep 2024 at 4.25). Since the hit the close has moved +1.92%.

What the candles did

Opened at 4.58, +4.81% above the previous close of 4.37.

What this pattern is taken to mean

The session opened at least X% away from the previous close. Read as news or flow arriving overnight.

What followed on this name's own record

After 318 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) 157 times of 318 (49%). Median move in the hit's direction +0.00%; best +55.81%, worst -38.46%. Within the window the move typically reached +8.67% in the hit's favour and -6.00% 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 = 1
  1. At the first candle of each session, compare its open with the last close of the previous session.
  2. Gap % = open / previous close − 1.
  3. The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
  4. On daily candles this is simply open vs the previous day's close.
The last 12 hits on this name
  • Mon 26 Aug 2024 up Opened at 4.58, +4.81% above the previous close of 4.37.
  • Mon 05 Aug 2024 down Opened at 4.20, -4.55% below the previous close of 4.40.
  • Mon 29 Jul 2024 up Opened at 4.62, +5.00% above the previous close of 4.40.
  • Mon 22 Jul 2024 down Opened at 4.40, -2.22% below the previous close of 4.50.
  • Mon 15 Jul 2024 down Opened at 4.50, -4.26% below the previous close of 4.70.
  • Fri 24 May 2024 down Opened at 5.05, -1.94% below the previous close of 5.15.
  • Thu 23 May 2024 down Opened at 5.15, -1.90% below the previous close of 5.25.
  • Wed 22 May 2024 up Opened at 5.40, +3.85% above the previous close of 5.20.
  • Fri 17 May 2024 up Opened at 5.00, +3.09% above the previous close of 4.85.
  • Thu 16 May 2024 down Opened at 4.60, -2.13% below the previous close of 4.70.
  • Wed 15 May 2024 up Opened at 4.80, +2.13% above the previous close of 4.70.
  • Tue 14 May 2024 up Opened at 4.60, +1.10% above the previous close of 4.55.

Just hit Marubozu · Single-candle shapes · reading down

166 hits in 520 candles · test this one alone Sign in to be alerted

Hit 1 session ago — Mon 26 Aug 2024

Marubozu completed on the daily candle of Mon 26 Aug 2024, a down reading, 1 session before the latest one (which closed at Mon 02 Sep 2024 at 4.25). Since the hit the close has moved +1.92%.

What the candles did

Body 0.41 is 95% of the range: opened near the high and closed near the low (4.58→4.17).

What this pattern is taken to mean

Almost no wicks: the candle opened at one end of its range and closed at the other. Read as one side in control for the whole candle.

What followed on this name's own record

After 162 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) 92 times of 162 (57%). Median move in the hit's direction +2.44%; best +56.36%, worst -55.81%. Within the window the move typically reached +8.25% in the hit's favour and -5.35% 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 · body_pct = 90
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≥ body_pct of the range.
  3. Direction is the candle's colour.
The last 12 hits on this name
  • Mon 26 Aug 2024 down Body 0.41 is 95% of the range: opened near the high and closed near the low (4.58→4.17).
  • Mon 05 Aug 2024 up Body 0.41 is 98% of the range: opened near the low and closed near the high (4.20→4.61).
  • Mon 29 Jul 2024 down Body 0.22 is 100% of the range: opened near the high and closed near the low (4.62→4.40).
  • Mon 01 Jul 2024 down Body 0.25 is 100% of the range: opened near the high and closed near the low (5.00→4.75).
  • Thu 16 May 2024 up Body 0.25 is 100% of the range: opened near the low and closed near the high (4.60→4.85).
  • Mon 13 May 2024 up Body 0.15 is 100% of the range: opened near the low and closed near the high (4.40→4.55).
  • Thu 09 May 2024 down Body 0.05 is 100% of the range: opened near the high and closed near the low (4.40→4.35).
  • Tue 07 May 2024 down Body 0.05 is 100% of the range: opened near the high and closed near the low (4.45→4.40).
  • Mon 29 Apr 2024 down Body 0.10 is 100% of the range: opened near the high and closed near the low (4.60→4.50).
  • Fri 26 Apr 2024 up Body 0.05 is 100% of the range: opened near the low and closed near the high (4.55→4.60).
  • Thu 25 Apr 2024 down Body 0.10 is 100% of the range: opened near the high and closed near the low (4.70→4.60).
  • Tue 23 Apr 2024 down Body 0.10 is 100% of the range: opened near the high and closed near the low (4.80→4.70).

Just hit Doji · Single-candle shapes · reading neutral

65 hits in 520 candles · test this one alone Sign in to be alerted

Hit 2 sessions ago — Mon 19 Aug 2024

Doji completed on the daily candle of Mon 19 Aug 2024, a neutral reading, 2 sessions before the latest one (which closed at Mon 02 Sep 2024 at 4.25). Since the hit the close has moved -2.75%.

What the candles did

Body 0.00 is 0% of the 0.22 range: open 4.37, close 4.37, high 4.37, low 4.15.

What this pattern is taken to mean

Open and close almost equal: the candle ranged but ended where it began. Read as indecision.

What followed on this name's own record

After 64 earlier hits on this name's daily candles, the close 10 sessions later was higher 30 times of 64 (47%). Median move -0.88%; best +55.10%, worst -23.26%. 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 · body_pct = 10
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≤ body_pct of the range.
The last 12 hits on this name
  • Mon 19 Aug 2024 neutral Body 0.00 is 0% of the 0.22 range: open 4.37, close 4.37, high 4.37, low 4.15.
  • Fri 17 May 2024 neutral Body 0.00 is 0% of the 0.40 range: open 5.00, close 5.00, high 5.00, low 4.60.
  • Thu 02 May 2024 neutral Body 0.00 is 0% of the 0.05 range: open 4.45, close 4.45, high 4.50, low 4.45.
  • Fri 05 Apr 2024 neutral Body 0.00 is 0% of the 0.50 range: open 5.45, close 5.45, high 5.45, low 4.95.
  • Wed 27 Mar 2024 neutral Body 0.00 is 0% of the 0.20 range: open 4.70, close 4.70, high 4.90, low 4.70.
  • Tue 19 Mar 2024 neutral Body 0.00 is 0% of the 0.20 range: open 4.65, close 4.65, high 4.65, low 4.45.
  • Wed 06 Mar 2024 neutral Body 0.00 is 0% of the 0.50 range: open 5.50, close 5.50, high 5.50, low 5.00.
  • Tue 05 Mar 2024 neutral Body 0.05 is 10% of the 0.50 range: open 5.30, close 5.25, high 5.30, low 4.80.
  • Fri 12 Jan 2024 neutral Body 0.00 is 0% of the 0.10 range: open 5.15, close 5.15, high 5.15, low 5.05.
  • Fri 29 Dec 2023 neutral Body 0.00 is 0% of the 0.05 range: open 4.25, close 4.25, high 4.30, low 4.25.
  • Wed 20 Dec 2023 neutral Body 0.00 is 0% of the 0.05 range: open 4.50, close 4.50, high 4.50, low 4.45.
  • Thu 14 Dec 2023 neutral Body 0.00 is 0% of the 0.05 range: open 4.45, close 4.45, high 4.45, low 4.40.

Just hit Volume spike · Indicator-based · reading neutral

57 hits in 520 candles · test this one alone Sign in to be alerted

Hit 2 sessions ago — Mon 19 Aug 2024

Volume spike completed on the daily candle of Mon 19 Aug 2024, a neutral reading, 2 sessions before the latest one (which closed at Mon 02 Sep 2024 at 4.25). Since the hit the close has moved -2.75%.

What the candles did

Volume 4.6× the average of the previous 20 candles (23,301 vs 5,012), on a flat candle.

What this pattern is taken to mean

One candle traded many times the recent average volume. Read as attention arriving; the candle's colour says which way it leaned.

What followed on this name's own record

After 52 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) 28 times of 52 (54%). Median move in the hit's direction +2.39%; best +54.72%, worst -37.50%. Within the window the move typically reached +9.95% in the hit's favour and -6.88% 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 · times = 3, candles = 20
  1. Average the volume of the previous M candles (those that reported one).
  2. The pattern completes when this candle's volume ≥ times × that average.
  3. Direction is the candle's own: up if it closed above its open, down if below, neutral if flat.
The last 12 hits on this name
  • Mon 19 Aug 2024 neutral Volume 4.6× the average of the previous 20 candles (23,301 vs 5,012), on a flat candle.
  • Mon 12 Aug 2024 down Volume 5.8× the average of the previous 20 candles (22,607 vs 3,908), on a down candle.
  • Mon 05 Aug 2024 up Volume 7.2× the average of the previous 20 candles (20,636 vs 2,877), on an up candle.
  • Mon 29 Jul 2024 down Volume 5.0× the average of the previous 20 candles (11,722 vs 2,361), on a down candle.
  • Mon 01 Jul 2024 down Volume 3.6× the average of the previous 20 candles (8,522 vs 2,399), on a down candle.
  • Mon 03 Jun 2024 neutral Volume 6.3× the average of the previous 20 candles (12,399 vs 1,963), on a flat candle.
  • Thu 07 Mar 2024 down Volume 5.1× the average of the previous 20 candles (59,660 vs 11,702), on a down candle.
  • Fri 01 Mar 2024 down Volume 5.2× the average of the previous 20 candles (40,725 vs 7,806), on a down candle.
  • Wed 28 Feb 2024 down Volume 3.1× the average of the previous 20 candles (20,841 vs 6,776), on a down candle.
  • Tue 27 Feb 2024 down Volume 8.3× the average of the previous 20 candles (40,027 vs 4,805), on a down candle.
  • Wed 21 Feb 2024 neutral Volume 4.4× the average of the previous 20 candles (18,070 vs 4,061), on a flat candle.
  • Tue 20 Feb 2024 neutral Volume 6.2× the average of the previous 20 candles (20,010 vs 3,245), on a flat candle.

Just hit Lower highs and lower lows · Runs, breaks and structure · reading down

25 hits in 520 candles · test this one alone Sign in to be alerted

Hit 3 sessions ago — Mon 12 Aug 2024

Lower highs and lower lows completed on the daily candle of Mon 12 Aug 2024, a down reading, 3 sessions before the latest one (which closed at Mon 02 Sep 2024 at 4.25). Since the hit the close has moved -2.75%.

What the candles did

2 lower highs and lower lows on swings of at least 3%: lows 4.60, 4.40, 4.20; highs 5.45, 4.62.

What this pattern is taken to mean

Downtrend structure: each swing high below the last and each swing low below the last.

What followed on this name's own record

After 24 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 15 times of 24 (62%). Median move in the hit's direction +5.95%; best +20.00%, worst -35.71%. Within the window the move typically reached +13.75% in the hit's favour and -6.00% 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 · swings = 2, swing_pct = 3
  1. Find swing highs and lows with the zigzag (pivot confirmed after a swing_pct move against it).
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high below the previous swing high, and each swing low below the previous swing low.
  4. The pattern completes on the candle where the last pivot was confirmed.
  5. The last swing high is reported as the level the structure hangs from.
The last 12 hits on this name
  • Mon 12 Aug 2024 down 2 lower highs and lower lows on swings of at least 3%: lows 4.60, 4.40, 4.20; highs 5.45, 4.62.
  • Tue 26 Mar 2024 down 2 lower highs and lower lows on swings of at least 3%: lows 4.60, 4.45; highs 5.50, 5.25, 5.00.
  • Wed 20 Mar 2024 down 2 lower highs and lower lows on swings of at least 3%: lows 5.00, 4.60, 4.45; highs 5.50, 5.25.
  • Mon 18 Mar 2024 down 2 lower highs and lower lows on swings of at least 3%: lows 5.00, 4.60; highs 5.75, 5.50, 5.25.
  • Wed 19 Jul 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 1.95, 1.85; highs 2.65, 2.15, 2.10.
  • Tue 18 Jul 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.15, 1.95, 1.85; highs 2.65, 2.15.
  • Tue 11 Jul 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.15, 1.95; highs 2.85, 2.65, 2.15.
  • Mon 10 Jul 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.50, 2.15, 1.95; highs 2.85, 2.65.
  • Mon 17 Apr 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.65, 2.25, 2.05; highs 2.95, 2.50.
  • Mon 20 Feb 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.55, 2.45, 2.00; highs 2.75, 2.65.
  • Wed 08 Feb 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.55, 2.45; highs 3.00, 2.75, 2.65.
  • Fri 03 Feb 2023 down 2 lower highs and lower lows on swings of at least 3%: lows 2.80, 2.55, 2.45; highs 3.00, 2.75.

Building Impulse wave (five swings, Elliott-style) · Trend and waves · reading down

3 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Fri 03 Feb 2023

The most recent hit of Impulse wave (five swings, Elliott-style) on the daily candles completed at Fri 03 Feb 2023, 316 sessions ago, a down reading. It is not in progress now. Since then the close has moved +70.00% to 4.25.

What the candles did

Five swings down: 1 3.40→2.80, 2 back to 3.00 (below where 1 began), 3 to 2.55, 4 back to 2.75 (below the bottom of 1), 5 to 2.45; wave 3 is not the shortest.

Where it stands on the latest candle

Counting down: waves 1–2 confirmed, wave 3 under way (the current swing has not yet reversed by 4%). Pivots so far 4.84, 4.15, 4.58, 3.96.

What this pattern is taken to mean

Five alternating swings that obey the three classical impulse rules. A count, not a prophecy: the same swings can be counted more than one way, and this is the plain mechanical reading.

What followed on this name's own record

Only 3 earlier hits on this name's daily candles with 10 sessions after them — too few to say what usually follows. For what it is worth: the close 10 sessions later went the hit's way 2 of 3 times, median move -18.52%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · swing_pct = 4
  1. Find swings with the zigzag at swing_pct.
  2. Take six consecutive confirmed pivots L-H-L-H-L-H (up) or H-L-H-L-H-L (down).
  3. Rule 1: wave 2 does not retrace past the start of wave 1.
  4. Rule 2: wave 3 is not the shortest of waves 1, 3 and 5.
  5. Rule 3: wave 4 does not enter the price territory of wave 1.
  6. Each wave must make progress: 3 beyond 1, 5 beyond 3.
  7. The pattern completes when the sixth pivot is confirmed. Progress reports 'wave 5 under way' when the first five pivots hold and the live swing is the fifth wave.
The last 3 hits on this name
  • Fri 03 Feb 2023 down Five swings down: 1 3.40→2.80, 2 back to 3.00 (below where 1 began), 3 to 2.55, 4 back to 2.75 (below the bottom of 1), 5 to 2.45; wave 3 is not the shortest.
  • Fri 29 Jul 2022 down Five swings down: 1 3.55→2.85, 2 back to 3.00 (below where 1 began), 3 to 2.55, 4 back to 2.75 (below the bottom of 1), 5 to 2.35; wave 3 is not the shortest.
  • Fri 22 Jul 2022 down Five swings down: 1 4.35→3.30, 2 back to 3.55 (below where 1 began), 3 to 2.85, 4 back to 3.00 (below the bottom of 1), 5 to 2.55; wave 3 is not the shortest.

Quiet Inside bar, then a breakout · Runs, breaks and structure · reading down

54 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Mon 01 Jul 2024

The most recent hit of Inside bar, then a breakout on the daily candles completed at Mon 01 Jul 2024, 9 sessions ago, a down reading. It is not in progress now. Since then the close has moved -10.53% to 4.25.

What the candles did

An inside candle (5.00–5.00) within the one before it (5.00–5.00), then a close at 4.75 below that range.

What this pattern is taken to mean

A candle whose whole range sat inside the one before it (a pause), then a close outside the mother candle's range. Read as a pause resolving.

What followed on this name's own record

After 53 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 53 (64%). Median move in the hit's direction +4.08%; best +39.08%, worst -38.55%. Within the window the move typically reached +9.26% in the hit's favour and -5.13% 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
  1. Take three consecutive candles: mother, inside, break.
  2. Inside: its high ≤ mother high and its low ≥ mother low.
  3. The pattern completes when the third candle closes above the mother high (up) or below the mother low (down).
The last 12 hits on this name
  • Mon 01 Jul 2024 down An inside candle (5.00–5.00) within the one before it (5.00–5.00), then a close at 4.75 below that range.
  • Fri 17 May 2024 up An inside candle (4.60–4.85) within the one before it (4.60–4.85), then a close at 5.00 above that range.
  • Mon 13 May 2024 up An inside candle (4.35–4.35) within the one before it (4.35–4.40), then a close at 4.55 above that range.
  • Thu 09 May 2024 down An inside candle (4.40–4.40) within the one before it (4.40–4.45), then a close at 4.35 below that range.
  • Tue 07 May 2024 down An inside candle (4.45–4.45) within the one before it (4.45–4.50), then a close at 4.40 below that range.
  • Thu 25 Apr 2024 down An inside candle (4.70–4.70) within the one before it (4.70–4.80), then a close at 4.60 below that range.
  • Thu 18 Apr 2024 down An inside candle (5.10–5.10) within the one before it (5.10–5.10), then a close at 5.00 below that range.
  • Mon 15 Apr 2024 down An inside candle (5.20–5.20) within the one before it (5.20–5.20), then a close at 5.10 below that range.
  • Wed 13 Mar 2024 down An inside candle (5.05–5.50) within the one before it (5.00–5.50), then a close at 4.80 below that range.
  • Mon 05 Feb 2024 down An inside candle (6.00–6.00) within the one before it (6.00–6.00), then a close at 5.90 below that range.
  • Mon 08 Jan 2024 up An inside candle (4.15–4.15) within the one before it (4.10–4.15), then a close at 4.35 above that range.
  • Wed 03 Jan 2024 down An inside candle (4.20–4.20) within the one before it (4.20–4.25), then a close at 4.15 below that range.

Quiet Moving-average cross · Indicator-based · reading down

32 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Mon 05 Aug 2024

The most recent hit of Moving-average cross on the daily candles completed at Mon 05 Aug 2024, 4 sessions ago, a down reading. It is not in progress now. Since then the close has moved -7.81% to 4.25.

What the candles did

The 9-candle average (4.71) crossed below the 21-candle average (4.76).

What this pattern is taken to mean

The faster simple average crossed the slower one. Read as the near-term average price overtaking (or falling behind) the longer one.

What followed on this name's own record

After 31 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) 16 times of 31 (52%). Median move in the hit's direction +1.28%; best +54.90%, worst -52.50%. Within the window the move typically reached +7.41% in the hit's favour and -6.38% 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 · fast = 9, slow = 21
  1. Compute SMA(fast) and SMA(slow) of the closes.
  2. The pattern completes on a candle where fast was ≤ slow on the previous candle and is > slow now (up), or ≥ before and < now (down).
  3. fast must be smaller than slow, else nothing is reported.
The last 12 hits on this name
  • Mon 05 Aug 2024 down The 9-candle average (4.71) crossed below the 21-candle average (4.76).
  • Wed 22 May 2024 up The 9-candle average (4.77) crossed above the 21-candle average (4.69).
  • Thu 25 Apr 2024 down The 9-candle average (4.90) crossed below the 21-candle average (4.95).
  • Mon 08 Apr 2024 up The 9-candle average (5.01) crossed above the 21-candle average (4.96).
  • Wed 13 Mar 2024 down The 9-candle average (5.22) crossed below the 21-candle average (5.23).
  • Wed 06 Mar 2024 up The 9-candle average (5.32) crossed above the 21-candle average (5.31).
  • Mon 12 Feb 2024 down The 9-candle average (5.77) crossed below the 21-candle average (5.83).
  • Fri 12 Jan 2024 up The 9-candle average (4.48) crossed above the 21-candle average (4.43).
  • Tue 02 Jan 2024 down The 9-candle average (4.32) crossed below the 21-candle average (4.33).
  • Tue 07 Nov 2023 up The 9-candle average (2.24) crossed above the 21-candle average (2.23).
  • Thu 26 Oct 2023 down The 9-candle average (2.18) crossed below the 21-candle average (2.20).
  • Tue 29 Aug 2023 up The 9-candle average (1.95) crossed above the 21-candle average (1.95).

Quiet Higher highs and higher lows · Runs, breaks and structure · reading up

15 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Tue 09 Apr 2024

The most recent hit of Higher highs and higher lows on the daily candles completed at Tue 09 Apr 2024, 39 sessions ago, an up reading. It is not in progress now. Since then the close has moved -18.27% to 4.25.

What the candles did

2 higher highs and higher lows on swings of at least 3%: lows 4.50, 4.95; highs 4.90, 5.50, 5.70.

What this pattern is taken to mean

Uptrend structure: each swing high above the last and each swing low above the last. Read as a trend that is still being confirmed by its pullbacks.

What followed on this name's own record

After 15 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 5 times of 15 (33%). Median move in the hit's direction -2.44%; best +25.53%, worst -17.54%. Within the window the move typically reached +4.82% in the hit's favour and -11.63% against it. On this name it has more often gone the other way.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · swings = 2, swing_pct = 3
  1. Find swing highs and lows with the zigzag: a pivot is confirmed once price has moved swing_pct against it.
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high in the window above the previous swing high, and each swing low above the previous swing low.
  4. The pattern completes on the candle where the last pivot in the window was confirmed.
  5. The last swing low is reported as the level the structure stands on.
The last 12 hits on this name
  • Tue 09 Apr 2024 up 2 higher highs and higher lows on swings of at least 3%: lows 4.50, 4.95; highs 4.90, 5.50, 5.70.
  • Mon 04 Mar 2024 up 2 higher highs and higher lows on swings of at least 3%: lows 5.00, 5.05; highs 5.30, 5.70, 5.75.
  • Fri 22 Dec 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 2.00, 4.10; highs 2.30, 4.30, 4.55.
  • Fri 08 Sep 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 1.85, 1.90, 2.05; highs 2.10, 2.20.
  • Wed 06 Sep 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 1.85, 1.90; highs 1.95, 2.10, 2.20.
  • Tue 06 Jun 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 2.00, 2.50; highs 2.25, 2.70, 2.85.
  • Mon 20 Mar 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 2.60, 2.65; highs 2.85, 2.90, 2.95.
  • Fri 17 Mar 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 2.00, 2.60, 2.65; highs 2.85, 2.90.
  • Thu 16 Mar 2023 up 2 higher highs and higher lows on swings of at least 3%: lows 2.00, 2.60; highs 2.65, 2.85, 2.90.
  • Wed 14 Dec 2022 up 2 higher highs and higher lows on swings of at least 3%: lows 2.25, 2.30, 2.35; highs 2.45, 2.50.
  • Tue 13 Dec 2022 up 2 higher highs and higher lows on swings of at least 3%: lows 2.25, 2.30; highs 2.35, 2.45, 2.50.
  • Mon 12 Dec 2022 up 2 higher highs and higher lows on swings of at least 3%: lows 2.10, 2.25, 2.30; highs 2.35, 2.45.

Quiet Trend line: slope, length, strength · Trend and waves · reading down

15 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Tue 07 May 2024

The most recent hit of Trend line: slope, length, strength on the daily candles completed at Tue 07 May 2024, 21 sessions ago, a down reading. It held for 5 sessions, through Mon 13 May 2024. It is not in progress now. Since then the close has moved -6.59% to 4.25.

What the candles did

Over the last 20 candles the fitted line falls 1.05% per candle with R² 0.86; 16 candles since the high of the window, -19.27% from it, and the last close is still with the line.

Where it stands on the latest candle

Slope -0.99% per candle (down), R² 0.67 (choppy), 15 candles from the window's high, -19.05% from it; the last close is with 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

After 15 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) 5 times of 15 (33%). Median move in the hit's direction -1.75%; best +20.59%, worst -19.32%. Within the window the move typically reached +5.66% in the hit's favour and -6.52% against it. On this name it has more often gone the other way.

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
  1. Fit a least-squares line through the last N closes (x = candle index).
  2. Slope % = slope / mean close × 100, per candle. R² = share of the variance the line explains (1 = a ruler, 0 = chop).
  3. Length = candles since the window's low (for a rising line) or high (falling). Magnitude = % from that extreme to the last close.
  4. Continuing = the last close is on the slope's side of the fitted line, or the last three closes all moved with the slope.
  5. The pattern completes when |slope %| ≥ min_slope_pct and R² ≥ min_r2; consecutive qualifying candles count once, at the first.
  6. Progress always reports the current slope, R², length, magnitude and whether it is continuing.
The last 12 hits on this name
  • Tue 07 May 2024 down Over the last 20 candles the fitted line falls 1.05% per candle with R² 0.86; 16 candles since the high of the window, -19.27% from it, and the last close is still with the line.
  • Fri 16 Feb 2024 down Over the last 20 candles the fitted line falls 0.91% per candle with R² 0.85; 16 candles since the high of the window, -14.52% from it, but the last close has slipped from the line.
  • Sat 20 Jan 2024 up Over the last 20 candles the fitted line rises 2.25% per candle with R² 0.82; 12 candles since the low of the window, +47.56% from it, and the last close is still with the line.
  • Tue 21 Nov 2023 up Over the last 20 candles the fitted line rises 3.07% per candle with R² 0.83; 14 candles since the low of the window, +82.50% from it, and the last close is still with the line.
  • Mon 17 Jul 2023 down Over the last 20 candles the fitted line falls 1.71% per candle with R² 0.81; 14 candles since the high of the window, -24.53% from it, but the last close has slipped from the line.
  • Tue 02 May 2023 down Over the last 20 candles the fitted line falls 1.35% per candle with R² 0.81; 19 candles since the high of the window, -27.27% from it, and the last close is still with the line.
  • Mon 17 Apr 2023 down Over the last 20 candles the fitted line falls 1.46% per candle with R² 0.82; 16 candles since the high of the window, -18.97% from it, but the last close has slipped from the line.
  • Thu 16 Mar 2023 up Over the last 20 candles the fitted line rises 1.74% per candle with R² 0.85; 15 candles since the low of the window, +42.50% from it, but the last close has slipped from the line.
  • Fri 10 Feb 2023 down Over the last 20 candles the fitted line falls 0.92% per candle with R² 0.81; 19 candles since the high of the window, -20.69% from it, and the last close is still with the line.
  • Tue 31 Jan 2023 down Over the last 20 candles the fitted line falls 1.30% per candle with R² 0.86; 17 candles since the high of the window, -24.62% from it, and the last close is still with the line.
  • Thu 29 Dec 2022 up Over the last 20 candles the fitted line rises 1.38% per candle with R² 0.84; 19 candles since the low of the window, +26.67% from it, but the last close has slipped from the line.
  • Mon 28 Nov 2022 down Over the last 20 candles the fitted line falls 1.12% per candle with R² 0.80; 18 candles since the high of the window, -18.18% from it, but the last close has slipped from the line.

Quiet N consecutive rising candles · Runs, breaks and structure · reading up

10 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Thu 11 Jan 2024

The most recent hit of N consecutive rising candles on the daily candles completed at Thu 11 Jan 2024, 98 sessions ago, an up reading. It is not in progress now. Since then the close has moved -14.14% to 4.25.

What the candles did

5 consecutive rising closes, from 4.10 to 4.95 (+20.73%).

Where it stands on the latest candle

1 rising close in a row so far (+1.92%); 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 10 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 4 times of 10 (40%). Median move in the hit's direction -2.35%; best +55.10%, worst -22.31%. Within the window the move typically reached +11.96% in the hit's favour and -5.04% against it. On this name it has more often gone the other way.

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
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is above the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: how long the current streak is against N, and whether the last close is still rising.
The last 10 hits on this name
  • Thu 11 Jan 2024 up 5 consecutive rising closes, from 4.10 to 4.95 (+20.73%).
  • Wed 13 Dec 2023 up 5 consecutive rising closes, from 4.15 to 4.40 (+6.02%).
  • Mon 06 Nov 2023 up 5 consecutive rising closes, from 2.00 to 2.45 (+22.50%).
  • Mon 29 May 2023 up 5 consecutive rising closes, from 2.00 to 2.50 (+25.00%).
  • Thu 05 Jan 2023 up 5 consecutive rising closes, from 2.85 to 3.25 (+14.04%).
  • Mon 26 Dec 2022 up 5 consecutive rising closes, from 2.45 to 2.95 (+20.41%).
  • Wed 12 Oct 2022 up 5 consecutive rising closes, from 1.95 to 2.40 (+23.08%).
  • Tue 16 Aug 2022 up 5 consecutive rising closes, from 2.15 to 2.70 (+25.58%).
  • Fri 08 Apr 2022 up 5 consecutive rising closes, from 3.25 to 3.90 (+20.00%).
  • Fri 17 Dec 2021 up 5 consecutive rising closes, from 5.20 to 6.05 (+16.35%).

Quiet RSI into overbought / oversold · Indicator-based · reading up

10 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Thu 09 May 2024

The most recent hit of RSI into overbought / oversold on the daily candles completed at Thu 09 May 2024, 23 sessions ago, an up reading. It is not in progress now. Since then the close has moved -2.30% to 4.25.

What the candles did

RSI(14) fell to 29, into the oversold zone below 30.

What this pattern is taken to mean

Wilder's RSI crossed into the overbought zone (reported as a 'down' observation: stretched) or the oversold zone ('up': washed out).

What followed on this name's own record

After 10 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) 5 times of 10 (50%). Median move in the hit's direction +1.56%; best +23.81%, worst -56.36%. Within the window the move typically reached +7.49% in the hit's favour and -14.57% 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 · n = 14, high = 70, low = 30
  1. Compute RSI(n) from the closes (Wilder smoothing).
  2. The pattern completes when RSI moves from below `high` to at or above it (overbought → down), or from above `low` to at or below it (oversold → up).
  3. Only the crossing candle is a hit, not every candle spent inside the zone.
The last 10 hits on this name
  • Thu 09 May 2024 up RSI(14) fell to 29, into the oversold zone below 30.
  • Tue 09 Jan 2024 down RSI(14) rose to 71, into the overbought zone above 70.
  • Fri 10 Nov 2023 down RSI(14) rose to 72, into the overbought zone above 70.
  • Tue 14 Feb 2023 up RSI(14) fell to 29, into the oversold zone below 30.
  • Tue 03 Jan 2023 down RSI(14) rose to 73, into the overbought zone above 70.
  • Mon 26 Dec 2022 down RSI(14) rose to 72, into the overbought zone above 70.
  • Mon 26 Sep 2022 up RSI(14) fell to 29, into the oversold zone below 30.
  • Fri 08 Jul 2022 up RSI(14) fell to 30, into the oversold zone below 30.
  • Mon 04 Jul 2022 up RSI(14) fell to 29, into the oversold zone below 30.
  • Tue 29 Mar 2022 up RSI(14) fell to 28, into the oversold zone below 30.

Quiet Bollinger squeeze, then a break · Indicator-based · reading down

10 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Fri 15 Mar 2024

The most recent hit of Bollinger squeeze, then a break on the daily candles completed at Fri 15 Mar 2024, 54 sessions ago, a down reading. It is not in progress now. Since then the close has moved -10.53% to 4.25.

What the candles did

Closed at 4.75, below the lower band (4.78) after the bands had narrowed to their tightest in 60 candles.

What this pattern is taken to mean

The bands had narrowed to their tightest in a while, then the close left them. Read as a quiet stretch ending.

What followed on this name's own record

After 10 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) 4 times of 10 (40%). Median move in the hit's direction -1.35%; best +22.37%, worst -40.48%. Within the window the move typically reached +6.80% in the hit's favour and -7.32% against it. On this name it has more often gone the other way.

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, k = 2, squeeze = 60
  1. Compute Bollinger bands: SMA(n) ± k × standard deviation of the last n closes; bandwidth = (upper − lower) / middle.
  2. Squeeze: the smallest bandwidth in the last 6 candles is within 5% of the smallest over the last `squeeze` candles.
  3. The pattern completes on a candle that closes above the upper band having been at or below it the candle before (up), or the mirror below the lower band (down), while squeezed.
The last 10 hits on this name
  • Fri 15 Mar 2024 down Closed at 4.75, below the lower band (4.78) after the bands had narrowed to their tightest in 60 candles.
  • Wed 13 Mar 2024 down Closed at 4.80, below the lower band (4.89) after the bands had narrowed to their tightest in 60 candles.
  • Wed 25 Oct 2023 down Closed at 2.10, below the lower band (2.10) after the bands had narrowed to their tightest in 60 candles.
  • Mon 04 Sep 2023 up Closed at 2.10, above the upper band (2.06) after the bands had narrowed to their tightest in 60 candles.
  • Thu 10 Aug 2023 down Closed at 1.85, below the lower band (1.86) after the bands had narrowed to their tightest in 60 candles.
  • Fri 26 May 2023 up Closed at 2.40, above the upper band (2.36) after the bands had narrowed to their tightest in 60 candles.
  • Fri 18 Nov 2022 down Closed at 2.35, below the lower band (2.38) after the bands had narrowed to their tightest in 60 candles.
  • Fri 01 Jul 2022 down Closed at 3.65, below the lower band (3.72) after the bands had narrowed to their tightest in 60 candles.
  • Tue 28 Jun 2022 down Closed at 3.80, below the lower band (3.83) after the bands had narrowed to their tightest in 60 candles.
  • Fri 10 Jun 2022 up Closed at 4.25, above the upper band (4.23) after the bands had narrowed to their tightest in 60 candles.

Quiet N consecutive falling candles · Runs, breaks and structure · reading down

9 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Fri 09 Feb 2024

The most recent hit of N consecutive falling candles on the daily candles completed at Fri 09 Feb 2024, 78 sessions ago, a down reading. It is not in progress now. Since then the close has moved -22.73% to 4.25.

What the candles did

5 consecutive falling closes, from 6.00 to 5.50 (-8.33%).

Where it stands on the latest candle

The last close was not falling; no run under way.

What this pattern is taken to mean

The mirror: every close below the one before it for N candles. Read as sellers in control while 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 4 times of 9 (44%). Median move in the hit's direction -9.30%; best +25.00%, worst -20.29%. Within the window the move typically reached +10.14% in the hit's favour and -13.64% against it. On this name it has more often gone the other way.

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
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is below the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: the current streak against N.
The last 9 hits on this name
  • Fri 09 Feb 2024 down 5 consecutive falling closes, from 6.00 to 5.50 (-8.33%).
  • Thu 28 Dec 2023 down 5 consecutive falling closes, from 4.50 to 4.25 (-5.56%).
  • Wed 05 Jul 2023 down 5 consecutive falling closes, from 2.65 to 2.15 (-18.87%).
  • Tue 13 Jun 2023 down 5 consecutive falling closes, from 2.75 to 2.25 (-18.18%).
  • Fri 31 Mar 2023 down 5 consecutive falling closes, from 2.90 to 2.35 (-18.97%).
  • Thu 24 Nov 2022 down 5 consecutive falling closes, from 2.55 to 2.15 (-15.69%).
  • Mon 19 Sep 2022 down 5 consecutive falling closes, from 2.70 to 2.20 (-18.52%).
  • Wed 30 Mar 2022 down 5 consecutive falling closes, from 4.30 to 3.45 (-19.77%).
  • Mon 17 Jan 2022 down 5 consecutive falling closes, from 6.35 to 5.20 (-18.11%).

Quiet Bullish engulfing · Multi-candle shapes · reading up

7 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Thu 21 Mar 2024

The most recent hit of Bullish engulfing on the daily candles completed at Thu 21 Mar 2024, 50 sessions ago, an up reading. It is not in progress now. Since then the close has moved -11.46% to 4.25.

What the candles did

A down candle (4.75→4.65) followed by an up candle (4.65→4.80) whose body covers it, after -3.12% over the 5 candles before.

What this pattern is taken to mean

A down candle followed by an up candle whose body covers it, after a decline. Read as the decline being rejected in one candle.

What followed on this name's own record

After 7 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 2 times of 7 (29%). Median move in the hit's direction -4.76%; best +13.04%, worst -25.35%. Within the window the move typically reached +6.00% in the hit's favour and -6.25% against it. On this name it has more often gone the other way.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · context = 5
  1. Take two consecutive candles.
  2. First closes below its open; second closes above its open.
  3. Second's open ≤ first's close and second's close ≥ first's open (its body covers the first's body).
  4. Context: the net move over the `context` candles before the pair is negative (set 0 to skip).
The last 7 hits on this name
  • Thu 21 Mar 2024 up A down candle (4.75→4.65) followed by an up candle (4.65→4.80) whose body covers it, after -3.12% over the 5 candles before.
  • Tue 11 Jul 2023 up A down candle (2.05→2.00) followed by an up candle (1.95→2.10) whose body covers it, after -12.77% over the 5 candles before.
  • Thu 10 Nov 2022 up A down candle (2.50→2.45) followed by an up candle (2.40→2.50) whose body covers it, after -7.41% over the 5 candles before.
  • Wed 06 Jul 2022 up A down candle (3.55→3.45) followed by an up candle (3.45→3.55) whose body covers it, after -11.39% over the 5 candles before.
  • Thu 09 Jun 2022 up A down candle (4.15→4.00) followed by an up candle (3.80→4.15) whose body covers it, after -3.61% over the 5 candles before.
  • Thu 28 Apr 2022 up A down candle (3.85→3.80) followed by an up candle (3.80→3.85) whose body covers it, after -2.53% over the 5 candles before.
  • Tue 05 Apr 2022 up A down candle (3.40→3.30) followed by an up candle (3.15→3.45) whose body covers it, after -13.33% over the 5 candles before.

Quiet Three black crows · Multi-candle shapes · reading down

6 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Tue 23 Apr 2024

The most recent hit of Three black crows on the daily candles completed at Tue 23 Apr 2024, 32 sessions ago, a down reading. It is not in progress now. Since then the close has moved -9.57% to 4.25.

What the candles did

Three down candles in a row, each opening inside the last body and closing lower (4.90, 4.80, 4.70) with short lower wicks.

What this pattern is taken to mean

Three down candles in a row, each opening inside the previous body and closing lower, with little lower wick.

What followed on this name's own record

After 6 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 4 times of 6 (67%). Median move in the hit's direction +5.65%; best +24.56%, worst -2.33%. Within the window the move typically reached +6.66% in the hit's favour and -3.72% 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 · wick_pct = 30
  1. Take three consecutive candles, all closing below their opens.
  2. Each close below the previous close.
  3. Each open inside the previous candle's body.
  4. Each lower wick no more than wick_pct of its body.
The last 6 hits on this name
  • Tue 23 Apr 2024 down Three down candles in a row, each opening inside the last body and closing lower (4.90, 4.80, 4.70) with short lower wicks.
  • Tue 30 Jan 2024 down Three down candles in a row, each opening inside the last body and closing lower (6.20, 6.10, 6.00) with short lower wicks.
  • Fri 20 Jan 2023 down Three down candles in a row, each opening inside the last body and closing lower (2.70, 2.60, 2.55) with short lower wicks.
  • Thu 19 Jan 2023 down Three down candles in a row, each opening inside the last body and closing lower (2.80, 2.70, 2.60) with short lower wicks.
  • Thu 04 Aug 2022 down Three down candles in a row, each opening inside the last body and closing lower (2.35, 2.25, 2.15) with short lower wicks.
  • Mon 03 Jan 2022 down Three down candles in a row, each opening inside the last body and closing lower (6.10, 5.95, 5.70) with short lower wicks.

Quiet Hammer · Single-candle shapes · reading up

6 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Mon 08 Jul 2024

The most recent hit of Hammer on the daily candles completed at Mon 08 Jul 2024, 8 sessions ago, an up reading. It is not in progress now. Since then the close has moved -9.57% to 4.25.

What the candles did

Lower wick 0.10 is 2.0× the body, the upper wick is 0% of the range, after -5.94% over the 5 candles before; low 4.60, close 4.70.

What this pattern is taken to mean

A long lower wick and a small body near the top, after a decline: the candle went well below and was pulled back up. Read as a low being rejected.

What followed on this name's own record

After 5 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 1 times of 5 (20%). Median move in the hit's direction -11.43%; best +17.20%, worst -18.37%. Within the window the move typically reached +9.52% in the hit's favour and -15.24% against it. On this name it has more often gone the other way.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_times = 2, other_wick_pct = 15, context = 5
  1. Lower wick ≥ wick_times × body.
  2. Upper wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is negative (set 0 to skip).
  4. The wick's low is reported as the level rejected.
The last 6 hits on this name
  • Mon 08 Jul 2024 up Lower wick 0.10 is 2.0× the body, the upper wick is 0% of the range, after -5.94% over the 5 candles before; low 4.60, close 4.70.
  • Wed 20 Mar 2024 up Lower wick 0.20 is 2.0× the body, the upper wick is 0% of the range, after -3.12% over the 5 candles before; low 4.45, close 4.65.
  • Tue 05 Mar 2024 up Lower wick 0.45 is 9.0× the body, the upper wick is 0% of the range, after -5.61% over the 5 candles before; low 4.80, close 5.25.
  • Wed 05 Apr 2023 up Lower wick 0.10 is 2.0× the body, the upper wick is 0% of the range, after -7.55% over the 5 candles before; low 2.35, close 2.45.
  • Mon 02 Jan 2023 up Lower wick 0.15 is 3.0× the body, the upper wick is 0% of the range, after -1.69% over the 5 candles before; low 2.80, close 2.95.
  • Thu 14 Jul 2022 up Lower wick 0.15 is 3.0× the body, the upper wick is 0% of the range, after -16.90% over the 5 candles before; low 2.85, close 3.00.

Quiet Bearish engulfing · Multi-candle shapes · reading down

5 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Fri 01 Mar 2024

The most recent hit of Bearish engulfing on the daily candles completed at Fri 01 Mar 2024, 63 sessions ago, a down reading. It is not in progress now. Since then the close has moved -19.81% to 4.25.

What the candles did

An up candle (5.40→5.50) followed by a down candle (5.65→5.30) whose body covers it, after +2.94% over the 5 candles before.

What this pattern is taken to mean

An up candle followed by a down candle whose body covers it, after a rise.

What followed on this name's own record

After 5 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 2 times of 5 (40%). Median move in the hit's direction -0.00%; best +12.26%, worst -14.58%. Within the window the move typically reached +5.00% in the hit's favour and -8.49% against it. On this name it has more often gone the other way.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · context = 5
  1. Take two consecutive candles.
  2. First closes above its open; second closes below its open.
  3. Second's open ≥ first's close and second's close ≤ first's open.
  4. Context: the net move over the `context` candles before the pair is positive (set 0 to skip).
The last 5 hits on this name
  • Fri 01 Mar 2024 down An up candle (5.40→5.50) followed by a down candle (5.65→5.30) whose body covers it, after +2.94% over the 5 candles before.
  • Mon 28 Aug 2023 down An up candle (1.90→2.00) followed by a down candle (2.10→1.90) whose body covers it, after +2.56% over the 5 candles before.
  • Mon 24 Jul 2023 down An up candle (2.00→2.10) followed by a down candle (2.10→2.00) whose body covers it, after +2.56% over the 5 candles before.
  • Tue 06 Dec 2022 down An up candle (2.40→2.45) followed by a down candle (2.45→2.40) whose body covers it, after +4.44% over the 5 candles before.
  • Mon 18 Apr 2022 down An up candle (4.10→4.15) followed by a down candle (4.20→3.95) whose body covers it, after +13.89% over the 5 candles before.

Quiet Morning star · Multi-candle shapes · reading up

4 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Mon 13 May 2024

The most recent hit of Morning star on the daily candles completed at Mon 13 May 2024, 21 sessions ago, an up reading. It is not in progress now. Since then the close has moved -6.59% to 4.25.

What the candles did

A long down candle (4.40→4.35), a small-bodied candle, then an up candle closing at 4.55, above the first candle's midpoint 4.38.

What this pattern is taken to mean

A long down candle, a small-bodied candle, then an up candle closing above the midpoint of the first. Read as a decline stalling and turning.

What followed on this name's own record

Only 4 earlier hits on this name's daily candles with 10 sessions after them — too few to say what usually follows. For what it is worth: the close 10 sessions later went the hit's way 2 of 4 times, median move +0.97%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · small_pct = 30
  1. Take three consecutive candles.
  2. First: a down candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: an up candle closing above the midpoint of the first candle's body.
The last 4 hits on this name
  • Mon 13 May 2024 up A long down candle (4.40→4.35), a small-bodied candle, then an up candle closing at 4.55, above the first candle's midpoint 4.38.
  • Fri 21 Jul 2023 up A long down candle (2.10→2.00), a small-bodied candle, then an up candle closing at 2.10, above the first candle's midpoint 2.05.
  • Fri 12 May 2023 up A long down candle (2.20→2.10), a small-bodied candle, then an up candle closing at 2.20, above the first candle's midpoint 2.15.
  • Mon 17 Apr 2023 up A long down candle (2.25→2.15), a small-bodied candle, then an up candle closing at 2.35, above the first candle's midpoint 2.20.

Quiet Evening star · Multi-candle shapes · reading down

3 hits in 520 candles · test this one alone Sign in to be alerted

Last seen Mon 19 Feb 2024

The most recent hit of Evening star on the daily candles completed at Mon 19 Feb 2024, 72 sessions ago, a down reading. It is not in progress now. Since then the close has moved -18.27% to 4.25.

What the candles did

A long up candle (5.20→5.30), a small-bodied candle, then a down candle closing at 5.20, below the first candle's midpoint 5.25.

What this pattern is taken to mean

A long up candle, a small-bodied candle, then a down candle closing below the midpoint of the first.

What followed on this name's own record

Only 3 earlier hits on this name's daily candles with 10 sessions after them — too few to say what usually follows. For what it is worth: the close 10 sessions later went the hit's way 2 of 3 times, median move -1.25%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · small_pct = 30
  1. Take three consecutive candles.
  2. First: an up candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: a down candle closing below the midpoint of the first candle's body.
The last 3 hits on this name
  • Mon 19 Feb 2024 down A long up candle (5.20→5.30), a small-bodied candle, then a down candle closing at 5.20, below the first candle's midpoint 5.25.
  • Wed 13 Sep 2023 down A long up candle (2.05→2.15), a small-bodied candle, then a down candle closing at 1.95, below the first candle's midpoint 2.10.
  • Tue 07 Jun 2022 down A long up candle (4.05→4.10), a small-bodied candle, then a down candle closing at 4.00, below the first candle's midpoint 4.07.

Quiet Three white soldiers · Multi-candle shapes · reading up

1 hit in 520 candles · test this one alone Sign in to be alerted

Last seen Fri 16 Jun 2023

The most recent hit of Three white soldiers on the daily candles completed at Fri 16 Jun 2023, 233 sessions ago, an up reading. It is not in progress now. Since then the close has moved +73.47% to 4.25.

What the candles did

Three up candles in a row, each opening inside the last body and closing higher (2.25, 2.35, 2.45) with short upper wicks.

What this pattern is taken to mean

Three up candles in a row, each opening inside the previous body and closing higher, with little upper wick.

What followed on this name's own record

Only 1 earlier hit on this name's daily candles with 10 sessions after them — too few to say what usually follows. For what it is worth: the close 10 sessions later went the hit's way 0 of 1 times, median move -8.16%.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_pct = 30
  1. Take three consecutive candles, all closing above their opens.
  2. Each close above the previous close.
  3. Each open inside the previous candle's body.
  4. Each upper wick no more than wick_pct of its body.
The last 1 hit on this name
  • Fri 16 Jun 2023 up Three up candles in a row, each opening inside the last body and closing higher (2.25, 2.35, 2.45) with short upper wicks.

Quiet Cross of a level you set · Runs, breaks and structure · reading up or down

0 hits in 520 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

Cross of a level you set did not complete anywhere in the 520 daily candles stored for this name (from Fri 10 Dec 2021 to Mon 02 Sep 2024).

What this pattern is taken to mean

The close went through a price you chose. Read however you meant the level.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · level = 0
  1. Take the level you entered.
  2. The pattern completes on a candle whose close is at or above the level while the previous close was below it (up), or at or below it while the previous close was above (down).
  3. Nothing is reported until a level is set.

Quiet Shooting star · Single-candle shapes · reading down

0 hits in 520 candles · test this one alone Sign in to be alerted

Not seen on the daily candles on file

Shooting star did not complete anywhere in the 520 daily candles stored for this name (from Fri 10 Dec 2021 to Mon 02 Sep 2024).

What this pattern is taken to mean

A long upper wick and a small body near the bottom, after a rise: the candle went well above and was pushed back down. Read as a high being rejected.

What followed on this name's own record

No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.

An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.

The rule, exactly as checked · wick_times = 2, other_wick_pct = 15, context = 5
  1. Upper wick ≥ wick_times × body.
  2. Lower wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is positive (set 0 to skip).
  4. The wick's high is reported as the level rejected.

The library, rule by rule

What each pattern checks, in the order the code checks it, with the parameters and their defaults for daily candles. The "meaning" is the convention the pattern is named for, stated as a convention; whether it held on a given name is what the test above measures.

Runs, breaks and structure

Rules on closes, highs and lows alone. Plain to state, plain to check.
N consecutive rising candles · reading up · any candleA 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.
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is above the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: how long the current streak is against N, and whether the last close is still rising.
n = 5
Consecutive rising closes (N) — The owner's momentum-run example uses 20.

Test this pattern on MELSTAR

N consecutive falling candles · reading down · any candleThe mirror: every close below the one before it for N candles. Read as sellers in control while it lasts.
  1. Walk the candles in order.
  2. Count a streak: +1 when this close is below the previous close, back to 0 otherwise.
  3. The pattern completes on the candle where the streak first reaches N.
  4. Report the move from the close before the run to the close that completed it.
  5. Progress: the current streak against N.
n = 5
Consecutive falling closes (N)

Test this pattern on MELSTAR

Higher highs and higher lows · reading up · any candleUptrend structure: each swing high above the last and each swing low above the last. Read as a trend that is still being confirmed by its pullbacks.
  1. Find swing highs and lows with the zigzag: a pivot is confirmed once price has moved swing_pct against it.
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high in the window above the previous swing high, and each swing low above the previous swing low.
  4. The pattern completes on the candle where the last pivot in the window was confirmed.
  5. The last swing low is reported as the level the structure stands on.
swings = 2
Higher highs / higher lows required
swing_pct = 3
Minimum swing size, % — Smaller on intraday candles.

Test this pattern on MELSTAR

Lower highs and lower lows · reading down · any candleDowntrend structure: each swing high below the last and each swing low below the last.
  1. Find swing highs and lows with the zigzag (pivot confirmed after a swing_pct move against it).
  2. Take every window of 2×swings+1 consecutive confirmed pivots.
  3. Require each swing high below the previous swing high, and each swing low below the previous swing low.
  4. The pattern completes on the candle where the last pivot was confirmed.
  5. The last swing high is reported as the level the structure hangs from.
swings = 2
Lower highs / lower lows required
swing_pct = 3
Minimum swing size, %

Test this pattern on MELSTAR

Gap at the open · reading up or down · any candleThe session opened at least X% away from the previous close. Read as news or flow arriving overnight.
  1. At the first candle of each session, compare its open with the last close of the previous session.
  2. Gap % = open / previous close − 1.
  3. The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
  4. On daily candles this is simply open vs the previous day's close.
pct = 1
Minimum gap, %

Test this pattern on MELSTAR

Move of X% within M candles · reading up or down · any candleA fast move: the close is at least X% away from where it was M candles ago. Read as a burst of one-sided flow.
  1. For each candle, take the close M candles earlier.
  2. Move % = close now / close then − 1.
  3. The pattern completes when |move %| ≥ pct; direction is the sign.
  4. Consecutive candles that all qualify in the same direction count once, at the first of them.
pct = 2
Minimum move, %
candles = 3
Within this many candles (M)

Test this pattern on MELSTAR

Cross of a level you set · reading up or down · any candleThe close went through a price you chose. Read however you meant the level.
  1. Take the level you entered.
  2. The pattern completes on a candle whose close is at or above the level while the previous close was below it (up), or at or below it while the previous close was above (down).
  3. Nothing is reported until a level is set.
level = 0
Your level, ₹ — Required — leave at 0 and this pattern reports nothing.

Test this pattern on MELSTAR

Inside bar, then a breakout · reading up or down · any candleA candle whose whole range sat inside the one before it (a pause), then a close outside the mother candle's range. Read as a pause resolving.
  1. Take three consecutive candles: mother, inside, break.
  2. Inside: its high ≤ mother high and its low ≥ mother low.
  3. The pattern completes when the third candle closes above the mother high (up) or below the mother low (down).

Test this pattern on MELSTAR

Indicator-based

Rules on a derived line: moving averages, VWAP, volume, RSI, Bollinger bands.
Moving-average cross · reading up or down · any candleThe faster simple average crossed the slower one. Read as the near-term average price overtaking (or falling behind) the longer one.
  1. Compute SMA(fast) and SMA(slow) of the closes.
  2. The pattern completes on a candle where fast was ≤ slow on the previous candle and is > slow now (up), or ≥ before and < now (down).
  3. fast must be smaller than slow, else nothing is reported.
fast = 9
Fast average, candles
slow = 21
Slow average, candles

Test this pattern on MELSTAR

Volume spike · reading up or down · any candleOne candle traded many times the recent average volume. Read as attention arriving; the candle's colour says which way it leaned.
  1. Average the volume of the previous M candles (those that reported one).
  2. The pattern completes when this candle's volume ≥ times × that average.
  3. Direction is the candle's own: up if it closed above its open, down if below, neutral if flat.
times = 3
Multiple of the average
candles = 20
Average over this many candles (M)

Test this pattern on MELSTAR

RSI into overbought / oversold · reading up or down · any candleWilder's RSI crossed into the overbought zone (reported as a 'down' observation: stretched) or the oversold zone ('up': washed out).
  1. Compute RSI(n) from the closes (Wilder smoothing).
  2. The pattern completes when RSI moves from below `high` to at or above it (overbought → down), or from above `low` to at or below it (oversold → up).
  3. Only the crossing candle is a hit, not every candle spent inside the zone.
n = 14
RSI length
high = 70
Overbought above
low = 30
Oversold below

Test this pattern on MELSTAR

Bollinger squeeze, then a break · reading up or down · any candleThe bands had narrowed to their tightest in a while, then the close left them. Read as a quiet stretch ending.
  1. Compute Bollinger bands: SMA(n) ± k × standard deviation of the last n closes; bandwidth = (upper − lower) / middle.
  2. Squeeze: the smallest bandwidth in the last 6 candles is within 5% of the smallest over the last `squeeze` candles.
  3. The pattern completes on a candle that closes above the upper band having been at or below it the candle before (up), or the mirror below the lower band (down), while squeezed.
n = 20
Band length
k = 2
Standard deviations
squeeze = 60
Tightest in this many candles

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Trend and waves

The fitted trend line and the swing count. A wave count is a reading of the swings, not a prophecy.
Trend line: slope, length, strength · reading up or down · any candleThe 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.
  1. Fit a least-squares line through the last N closes (x = candle index).
  2. Slope % = slope / mean close × 100, per candle. R² = share of the variance the line explains (1 = a ruler, 0 = chop).
  3. Length = candles since the window's low (for a rising line) or high (falling). Magnitude = % from that extreme to the last close.
  4. Continuing = the last close is on the slope's side of the fitted line, or the last three closes all moved with the slope.
  5. The pattern completes when |slope %| ≥ min_slope_pct and R² ≥ min_r2; consecutive qualifying candles count once, at the first.
  6. Progress always reports the current slope, R², length, magnitude and whether it is continuing.
n = 20
Candles in the fit (N)
min_slope_pct = 0.25
Minimum slope, % per candle
min_r2 = 0.8
Minimum R²

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Impulse wave (five swings, Elliott-style) · reading up or down · any candleFive alternating swings that obey the three classical impulse rules. A count, not a prophecy: the same swings can be counted more than one way, and this is the plain mechanical reading.
  1. Find swings with the zigzag at swing_pct.
  2. Take six consecutive confirmed pivots L-H-L-H-L-H (up) or H-L-H-L-H-L (down).
  3. Rule 1: wave 2 does not retrace past the start of wave 1.
  4. Rule 2: wave 3 is not the shortest of waves 1, 3 and 5.
  5. Rule 3: wave 4 does not enter the price territory of wave 1.
  6. Each wave must make progress: 3 beyond 1, 5 beyond 3.
  7. The pattern completes when the sixth pivot is confirmed. Progress reports 'wave 5 under way' when the first five pivots hold and the live swing is the fifth wave.
swing_pct = 4
Minimum swing size, %

Test this pattern on MELSTAR

Multi-candle shapes

Two- and three-candle shapes from the classical catalogue.
Bullish engulfing · reading up · any candleA down candle followed by an up candle whose body covers it, after a decline. Read as the decline being rejected in one candle.
  1. Take two consecutive candles.
  2. First closes below its open; second closes above its open.
  3. Second's open ≤ first's close and second's close ≥ first's open (its body covers the first's body).
  4. Context: the net move over the `context` candles before the pair is negative (set 0 to skip).
context = 5
Decline measured over this many candles before

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Bearish engulfing · reading down · any candleAn up candle followed by a down candle whose body covers it, after a rise.
  1. Take two consecutive candles.
  2. First closes above its open; second closes below its open.
  3. Second's open ≥ first's close and second's close ≤ first's open.
  4. Context: the net move over the `context` candles before the pair is positive (set 0 to skip).
context = 5
Rise measured over this many candles before

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Morning star · reading up · any candleA long down candle, a small-bodied candle, then an up candle closing above the midpoint of the first. Read as a decline stalling and turning.
  1. Take three consecutive candles.
  2. First: a down candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: an up candle closing above the midpoint of the first candle's body.
small_pct = 30
Middle candle body, % of the first's

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Evening star · reading down · any candleA long up candle, a small-bodied candle, then a down candle closing below the midpoint of the first.
  1. Take three consecutive candles.
  2. First: an up candle with a body at least the average body of the ten candles before it.
  3. Second: a body no bigger than small_pct of the first's body.
  4. Third: a down candle closing below the midpoint of the first candle's body.
small_pct = 30
Middle candle body, % of the first's

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Three white soldiers · reading up · any candleThree up candles in a row, each opening inside the previous body and closing higher, with little upper wick.
  1. Take three consecutive candles, all closing above their opens.
  2. Each close above the previous close.
  3. Each open inside the previous candle's body.
  4. Each upper wick no more than wick_pct of its body.
wick_pct = 30
Maximum upper wick, % of body

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Three black crows · reading down · any candleThree down candles in a row, each opening inside the previous body and closing lower, with little lower wick.
  1. Take three consecutive candles, all closing below their opens.
  2. Each close below the previous close.
  3. Each open inside the previous candle's body.
  4. Each lower wick no more than wick_pct of its body.
wick_pct = 30
Maximum lower wick, % of body

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Single-candle shapes

One candle's body and wicks. Weak on their own; shown with what followed on this name.
Doji · reading neutral · any candleOpen and close almost equal: the candle ranged but ended where it began. Read as indecision.
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≤ body_pct of the range.
body_pct = 10
Body no more than this % of the range

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Hammer · reading up · any candleA long lower wick and a small body near the top, after a decline: the candle went well below and was pulled back up. Read as a low being rejected.
  1. Lower wick ≥ wick_times × body.
  2. Upper wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is negative (set 0 to skip).
  4. The wick's low is reported as the level rejected.
wick_times = 2
Lower wick at least this many × body
other_wick_pct = 15
Upper wick at most this % of range
context = 5
Decline measured over this many candles before

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Shooting star · reading down · any candleA long upper wick and a small body near the bottom, after a rise: the candle went well above and was pushed back down. Read as a high being rejected.
  1. Upper wick ≥ wick_times × body.
  2. Lower wick ≤ other_wick_pct of the range.
  3. Context: the net move over the `context` candles before is positive (set 0 to skip).
  4. The wick's high is reported as the level rejected.
wick_times = 2
Upper wick at least this many × body
other_wick_pct = 15
Lower wick at most this % of range
context = 5
Rise measured over this many candles before

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Marubozu · reading up or down · any candleAlmost no wicks: the candle opened at one end of its range and closed at the other. Read as one side in control for the whole candle.
  1. Body = |close − open|; range = high − low.
  2. The pattern completes when range > 0 and body ≥ body_pct of the range.
  3. Direction is the candle's colour.
body_pct = 90
Body at least this % of the range

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Indicator definitions: SMA(n) is the mean of the last n closes. RSI(n) is Wilder's — average gain over average loss, smoothed by (previous × (n−1) + now) / n. ATR(n) is the Wilder-smoothed mean of the true range. Bollinger bands are SMA(n) ± k standard deviations of the same n closes. VWAP is Σ(typical price × volume) / Σ volume within the session, typical price = (high + low + close) / 3. The trend line is ordinary least squares on close against candle index. Swings come from a zigzag that confirms a pivot once price has moved the swing size against it.