In progress now Move of X% within M candles · Runs, breaks and structure · reading up
134 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 21 Sep 2023
Move of X% within M candles has held from the candle of Fri 15 Sep 2023 through the newest one on file (4 sessions), an up reading. It is in progress now.
What the candles did
+6.72% in the last 3 candles, 229.95 to 245.40.
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 130 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) 69 times of 130 (53%). Median move in the hit's direction +0.89%; best +47.76%, worst -35.33%. Within the window the move typically reached +8.06% in the hit's favour and -6.71% 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
- Fri 15 Sep 2023 up +6.72% in the last 3 candles, 229.95 to 245.40.
- Thu 14 Sep 2023 down -3.23% in the last 3 candles, 241.55 to 233.75.
- Wed 13 Sep 2023 up +3.69% in the last 3 candles, 230.05 to 238.55.
- Mon 11 Sep 2023 up +4.98% in the last 3 candles, 230.10 to 241.55.
- Mon 04 Sep 2023 up +4.02% in the last 3 candles, 212.65 to 221.20.
- Wed 30 Aug 2023 down -5.76% in the last 3 candles, 225.65 to 212.65.
- Tue 30 May 2023 up +4.58% in the last 3 candles, 92.70 to 96.95.
- Mon 22 May 2023 up +9.98% in the last 3 candles, 85.15 to 93.65.
- Mon 15 May 2023 down -2.10% in the last 3 candles, 88.10 to 86.25.
- Wed 10 May 2023 up +7.37% in the last 3 candles, 82.05 to 88.10.
- Mon 08 May 2023 up +3.11% in the last 3 candles, 82.10 to 84.65.
- Fri 05 May 2023 down -2.32% in the last 3 candles, 84.00 to 82.05.