In progress now Move of X% within M candles · Runs, breaks and structure · reading up
85 hits in 493 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Fri 19 May 2023
Move of X% within M candles has held from the candle of Fri 12 May 2023 through the newest one on file (6 sessions), an up reading. It is in progress now.
What the candles did
+4.35% in the last 3 candles, 3.45 to 3.60.
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 84 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) 50 times of 84 (60%). Median move in the hit's direction +6.42%; best +57.50%, worst -118.18%. Within the window the move typically reached +14.93% in the hit's favour and -4.64% 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
- Fri 12 May 2023 up +4.35% in the last 3 candles, 3.45 to 3.60.
- Tue 02 May 2023 down -9.09% in the last 3 candles, 4.40 to 4.00.
- Mon 24 Apr 2023 up +2.50% in the last 3 candles, 4.00 to 4.10.
- Wed 19 Apr 2023 up +3.90% in the last 3 candles, 3.85 to 4.00.
- Mon 17 Apr 2023 down -5.00% in the last 3 candles, 4.00 to 3.80.
- Fri 31 Mar 2023 up +3.17% in the last 3 candles, 3.15 to 3.25.
- Tue 28 Mar 2023 down -3.12% in the last 3 candles, 3.20 to 3.10.
- Wed 22 Mar 2023 up +3.23% in the last 3 candles, 3.10 to 3.20.
- Tue 21 Mar 2023 down -4.62% in the last 3 candles, 3.25 to 3.10.
- Fri 17 Mar 2023 down -6.06% in the last 3 candles, 3.30 to 3.10.
- Tue 14 Mar 2023 up +3.12% in the last 3 candles, 3.20 to 3.30.
- Mon 13 Feb 2023 down -6.12% in the last 3 candles, 4.90 to 4.60.