In progress now Move of X% within M candles · Runs, breaks and structure · reading up
29 hits in 110 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 14 Oct 2021
Move of X% within M candles has held from the candle of Tue 05 Oct 2021 through the newest one on file (6 sessions), an up reading. It is in progress now.
What the candles did
+5.26% in the last 3 candles, 0.95 to 1.00.
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 27 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) 11 times of 27 (41%). Median move in the hit's direction -0.00%; best +200.00%, worst -233.33%. Within the window the move typically reached +10.00% in the hit's favour and -14.29% 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 · 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
- Tue 05 Oct 2021 up +5.26% in the last 3 candles, 0.95 to 1.00.
- Wed 29 Sep 2021 down -5.00% in the last 3 candles, 1.00 to 0.95.
- Wed 22 Sep 2021 up +5.26% in the last 3 candles, 0.95 to 1.00.
- Mon 19 Jul 2021 down -4.55% in the last 3 candles, 1.10 to 1.05.
- Tue 13 Jul 2021 up +4.76% in the last 3 candles, 1.05 to 1.10.
- Mon 28 Jun 2021 down -4.55% in the last 3 candles, 1.10 to 1.05.
- Wed 19 May 2021 up +5.56% in the last 3 candles, 0.90 to 0.95.
- Wed 12 May 2021 up +5.88% in the last 3 candles, 0.85 to 0.90.
- Tue 16 Mar 2021 down -4.76% in the last 3 candles, 1.05 to 1.00.
- Tue 31 Mar 2020 up +16.67% in the last 3 candles, 0.30 to 0.35.
- Mon 30 Mar 2020 down -14.29% in the last 3 candles, 0.35 to 0.30.
- Thu 26 Mar 2020 down -14.29% in the last 3 candles, 0.35 to 0.30.