In progress now Move of X% within M candles · Runs, breaks and structure · reading down
17 hits in 58 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 01 Feb 2021
Move of X% within M candles has held from the candle of week of 18 Jan 2021 through the newest one on file (3 weeks), a down reading. It is in progress now.
What the candles did
-33.33% in the last 3 candles, 0.45 to 0.30.
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) 6 times of 15 (40%). Median move in the hit's direction -0.00%; best +100.00%, worst -50.00%. Within the window the move typically reached +22.22% in the hit's favour and -22.22% 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
- week of 18 Jan 2021 down -33.33% in the last 3 candles, 0.45 to 0.30.
- week of 11 Jan 2021 up +42.86% in the last 3 candles, 0.35 to 0.50.
- week of 07 Dec 2020 up +28.57% in the last 3 candles, 0.35 to 0.45.
- week of 09 Nov 2020 up +16.67% in the last 3 candles, 0.30 to 0.35.
- week of 26 Oct 2020 up +20.00% in the last 3 candles, 0.25 to 0.30.
- week of 28 Sep 2020 down -14.29% in the last 3 candles, 0.35 to 0.30.
- week of 14 Sep 2020 down -14.29% in the last 3 candles, 0.35 to 0.30.
- week of 31 Aug 2020 down -25.00% in the last 3 candles, 0.40 to 0.30.
- week of 10 Aug 2020 up +33.33% in the last 3 candles, 0.30 to 0.40.
- week of 08 Jun 2020 down -25.00% in the last 3 candles, 0.60 to 0.45.
- week of 04 May 2020 up +25.00% in the last 3 candles, 0.20 to 0.25.
- week of 06 Apr 2020 up +33.33% in the last 3 candles, 0.15 to 0.20.