In progress now Higher highs and higher lows · Runs, breaks and structure · reading up
16 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 21 Nov 2022
Higher highs and higher lows completed on the candle that closed at week of 21 Nov 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
2 higher highs and higher lows on swings of at least 3%: lows 2,991.45, 3,274.00; highs 3,424.55, 3,472.05, 3,900.00.
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 weekly candles, the close 4 weeks later went the hit's way 12 times of 15 (80%). Median move in the hit's direction +7.36%; best +32.79%, worst -21.60%. Within the window the move typically reached +11.14% in the hit's favour and -5.20% 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
- Find swing highs and lows with the zigzag: a pivot is confirmed once price has moved swing_pct against it.
- Take every window of 2×swings+1 consecutive confirmed pivots.
- Require each swing high in the window above the previous swing high, and each swing low above the previous swing low.
- The pattern completes on the candle where the last pivot in the window was confirmed.
- The last swing low is reported as the level the structure stands on.
The last 12 hits on this name
- week of 21 Nov 2022 up 2 higher highs and higher lows on swings of at least 3%: lows 2,991.45, 3,274.00; highs 3,424.55, 3,472.05, 3,900.00.
- week of 05 Sep 2022 up 2 higher highs and higher lows on swings of at least 3%: lows 2,717.00, 2,760.10, 3,125.60; highs 3,040.00, 3,630.00.
- week of 04 Apr 2022 up 2 higher highs and higher lows on swings of at least 3%: lows 3,542.10, 3,862.00; highs 4,117.80, 4,220.00, 4,478.75.
- week of 06 Dec 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 4,118.45, 4,193.10, 4,223.05; highs 4,937.65, 5,060.00.
- week of 22 Nov 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 4,118.45, 4,193.10; highs 4,733.90, 4,937.65, 5,060.00.
- week of 01 Nov 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 2,760.00, 4,118.45, 4,193.10; highs 4,733.90, 4,937.65.
- week of 18 Oct 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 2,760.00, 4,118.45; highs 2,944.00, 4,733.90, 4,937.65.
- week of 04 Oct 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 2,457.55, 2,760.00, 4,118.45; highs 2,944.00, 4,733.90.
- week of 27 Sep 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 2,457.55, 2,760.00; highs 2,618.35, 2,944.00, 4,733.90.
- week of 16 Aug 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 2,070.00, 2,457.55, 2,760.00; highs 2,618.35, 2,944.00.
- week of 02 Aug 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 2,070.00, 2,457.55; highs 2,301.20, 2,618.35, 2,944.00.
- week of 19 Jul 2021 up 2 higher highs and higher lows on swings of at least 3%: lows 1,998.25, 2,070.00, 2,457.55; highs 2,301.20, 2,618.35.