In progress now Move of X% within M candles · Runs, breaks and structure · reading up
28 hits in 116 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 18 Dec 2023
Move of X% within M candles has held from the candle of week of 11 Dec 2023 through the newest one on file (2 weeks), an up reading. It is in progress now.
What the candles did
+5.71% in the last 3 candles, 1.75 to 1.85.
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 26 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) 16 times of 26 (62%). Median move in the hit's direction +2.74%; best +76.74%, worst -56.41%. Within the window the move typically reached +9.55% in the hit's favour and -5.48% 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
- week of 11 Dec 2023 up +5.71% in the last 3 candles, 1.75 to 1.85.
- week of 27 Nov 2023 down -2.78% in the last 3 candles, 1.80 to 1.75.
- week of 30 Oct 2023 up +2.94% in the last 3 candles, 1.70 to 1.75.
- week of 23 Oct 2023 down -2.70% in the last 3 candles, 1.85 to 1.80.
- week of 16 Oct 2023 up +6.06% in the last 3 candles, 1.65 to 1.75.
- week of 09 Oct 2023 down -5.56% in the last 3 candles, 1.80 to 1.70.
- week of 02 Oct 2023 up +2.78% in the last 3 candles, 1.80 to 1.85.
- week of 18 Sep 2023 down -10.00% in the last 3 candles, 2.00 to 1.80.
- week of 14 Aug 2023 up +3.45% in the last 3 candles, 1.45 to 1.50.
- week of 19 Jun 2023 down -11.11% in the last 3 candles, 2.70 to 2.40.
- week of 10 Apr 2023 up +10.71% in the last 3 candles, 1.40 to 1.55.
- week of 13 Mar 2023 down -8.57% in the last 3 candles, 1.75 to 1.60.