In progress now Lower highs and lower lows · Runs, breaks and structure · reading down
4 hits in 89 candles · test this one alone Sign in to be alertedHit on the latest hourly candle — Wed 07 Oct 2026, 09:15 IST
Lower highs and lower lows completed on the candle that closed at Wed 07 Oct 2026, 09:15 IST, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
2 lower highs and lower lows on swings of at least 0.75%: lows 2,090.40, 2,082.70; highs 2,140.90, 2,115.00, 2,100.00.
What this pattern is taken to mean
Downtrend structure: each swing high below the last and each swing low below the last.
What followed on this name's own record
Only 3 earlier hits on this name's hourly candles with 4 candles after them — too few to say what usually follows. For what it is worth: the close 4 candles later went the hit's way 3 of 3 times, median move -0.97%.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · swings = 2, swing_pct = 0.75
- Find swing highs and lows with the zigzag (pivot confirmed after a swing_pct move against it).
- Take every window of 2×swings+1 consecutive confirmed pivots.
- Require each swing high below the previous swing high, and each swing low below the previous swing low.
- The pattern completes on the candle where the last pivot was confirmed.
- The last swing high is reported as the level the structure hangs from.
The last 4 hits on this name
- Wed 07 Oct 2026, 09:15 IST down 2 lower highs and lower lows on swings of at least 0.75%: lows 2,090.40, 2,082.70; highs 2,140.90, 2,115.00, 2,100.00.
- Wed 30 Sep 2026, 09:15 IST down 2 lower highs and lower lows on swings of at least 0.75%: lows 2,051.00, 2,049.00, 2,036.30; highs 2,091.80, 2,072.40.
- Fri 25 Sep 2026, 13:15 IST down 2 lower highs and lower lows on swings of at least 0.75%: lows 2,067.10, 2,038.10; highs 2,323.00, 2,096.90, 2,090.20.
- Fri 25 Sep 2026, 10:15 IST down 2 lower highs and lower lows on swings of at least 0.75%: lows 2,202.30, 2,067.10, 2,038.10; highs 2,323.00, 2,096.90.