In progress now Move of X% within M candles · Runs, breaks and structure · reading up
97 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 05 Feb 2024
Move of X% within M candles has held from the candle of Fri 02 Feb 2024 through the newest one on file (2 sessions), an up reading. It is in progress now.
What the candles did
+2.84% in the last 3 candles, 1,060.40 to 1,090.50.
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 94 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) 47 times of 94 (50%). Median move in the hit's direction -0.09%; best +11.33%, worst -13.58%. Within the window the move typically reached +4.40% in the hit's favour and -3.35% 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 02 Feb 2024 up +2.84% in the last 3 candles, 1,060.40 to 1,090.50.
- Mon 29 Jan 2024 up +4.01% in the last 3 candles, 1,020.50 to 1,061.45.
- Sat 20 Jan 2024 up +2.15% in the last 3 candles, 1,031.60 to 1,053.75.
- Wed 17 Jan 2024 down -2.84% in the last 3 candles, 1,061.70 to 1,031.60.
- Thu 11 Jan 2024 up +2.20% in the last 3 candles, 1,033.45 to 1,056.15.
- Thu 04 Jan 2024 down -3.13% in the last 3 candles, 1,083.20 to 1,049.35.
- Tue 02 Jan 2024 up +2.10% in the last 3 candles, 1,065.30 to 1,087.70.
- Tue 26 Dec 2023 up +4.51% in the last 3 candles, 1,002.90 to 1,048.15.
- Wed 20 Dec 2023 down -4.82% in the last 3 candles, 1,053.70 to 1,002.90.
- Fri 15 Dec 2023 up +4.03% in the last 3 candles, 1,012.90 to 1,053.70.
- Thu 30 Nov 2023 up +2.48% in the last 3 candles, 965.95 to 989.90.
- Tue 21 Nov 2023 up +2.20% in the last 3 candles, 951.20 to 972.10.