In progress now Move of X% within M candles · Runs, breaks and structure · reading up
87 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Fri 12 Jan 2024
Move of X% within M candles completed on the candle that closed at Fri 12 Jan 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
+4.14% in the last 3 candles, 331.10 to 344.80.
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 85 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) 37 times of 85 (44%). Median move in the hit's direction -1.04%; best +14.75%, worst -13.73%. Within the window the move typically reached +3.08% in the hit's favour and -3.60% 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
- Fri 12 Jan 2024 up +4.14% in the last 3 candles, 331.10 to 344.80.
- Thu 04 Jan 2024 up +3.73% in the last 3 candles, 321.80 to 333.80.
- Wed 20 Dec 2023 up +2.50% in the last 3 candles, 283.80 to 290.90.
- Fri 17 Nov 2023 up +2.05% in the last 3 candles, 271.00 to 276.55.
- Wed 15 Nov 2023 up +3.81% in the last 3 candles, 265.15 to 275.25.
- Tue 31 Oct 2023 up +2.85% in the last 3 candles, 255.70 to 263.00.
- Wed 18 Oct 2023 down -2.13% in the last 3 candles, 265.75 to 260.10.
- Fri 13 Oct 2023 up +2.33% in the last 3 candles, 259.70 to 265.75.
- Mon 09 Oct 2023 up +2.06% in the last 3 candles, 253.00 to 258.20.
- Thu 28 Sep 2023 down -2.62% in the last 3 candles, 263.50 to 256.60.
- Mon 25 Sep 2023 up +2.91% in the last 3 candles, 256.05 to 263.50.
- Wed 13 Sep 2023 up +4.56% in the last 3 candles, 251.30 to 262.75.