In progress now Move of X% within M candles · Runs, breaks and structure · reading up
15 hits in 69 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 19 Apr 2021
Move of X% within M candles has held from the candle of week of 22 Feb 2021 through the newest one on file (9 weeks), an up reading. It is in progress now.
What the candles did
+4.08% in the last 3 candles, 72.30 to 75.25.
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 15 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) 8 times of 15 (53%). Median move in the hit's direction +2.01%; best +43.88%, worst -24.72%. Within the window the move typically reached +8.25% in the hit's favour and -8.10% 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
- 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 22 Feb 2021 up +4.08% in the last 3 candles, 72.30 to 75.25.
- week of 01 Feb 2021 down -2.03% in the last 3 candles, 73.80 to 72.30.
- week of 28 Dec 2020 up +3.96% in the last 3 candles, 69.45 to 72.20.
- week of 14 Dec 2020 up +2.56% in the last 3 candles, 68.40 to 70.15.
- week of 07 Dec 2020 down -3.47% in the last 3 candles, 71.95 to 69.45.
- week of 02 Nov 2020 up +2.31% in the last 3 candles, 47.55 to 48.65.
- week of 28 Sep 2020 down -2.72% in the last 3 candles, 64.40 to 62.65.
- week of 21 Sep 2020 up +2.25% in the last 3 candles, 64.50 to 65.95.
- week of 24 Aug 2020 down -7.81% in the last 3 candles, 73.00 to 67.30.
- week of 03 Aug 2020 up +3.11% in the last 3 candles, 70.80 to 73.00.
- week of 20 Jul 2020 down -9.75% in the last 3 candles, 71.30 to 64.35.
- week of 01 Jun 2020 up +7.47% in the last 3 candles, 64.30 to 69.10.