In progress now Move of X% within M candles · Runs, breaks and structure · reading up
101 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 16 Nov 2023
Move of X% within M candles has held from the candle of Wed 15 Nov 2023 through the newest one on file (2 sessions), an up reading. It is in progress now.
What the candles did
+3.59% in the last 3 candles, 797.30 to 825.90.
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 99 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) 45 times of 99 (46%). Median move in the hit's direction -0.66%; best +15.23%, worst -14.90%. Within the window the move typically reached +3.98% in the hit's favour and -3.64% 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
- Wed 15 Nov 2023 up +3.59% in the last 3 candles, 797.30 to 825.90.
- Mon 06 Nov 2023 up +3.99% in the last 3 candles, 766.90 to 797.50.
- Wed 01 Nov 2023 down -2.24% in the last 3 candles, 784.45 to 766.90.
- Thu 26 Oct 2023 down -2.39% in the last 3 candles, 806.05 to 786.75.
- Mon 23 Oct 2023 down -2.08% in the last 3 candles, 806.50 to 789.75.
- Thu 12 Oct 2023 up +2.12% in the last 3 candles, 784.85 to 801.50.
- Thu 05 Oct 2023 down -2.42% in the last 3 candles, 817.30 to 797.50.
- Wed 20 Sep 2023 down -2.58% in the last 3 candles, 839.50 to 817.85.
- Wed 30 Aug 2023 up +4.93% in the last 3 candles, 736.65 to 772.95.
- Wed 23 Aug 2023 up +2.07% in the last 3 candles, 729.85 to 744.95.
- Wed 16 Aug 2023 down -3.10% in the last 3 candles, 751.85 to 728.55.
- Fri 11 Aug 2023 up +2.05% in the last 3 candles, 740.00 to 755.15.