In progress now Move of X% within M candles · Runs, breaks and structure · reading down
28 hits in 110 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 15 Jan 2024
Move of X% within M candles completed on the candle that closed at week of 15 Jan 2024, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
-4.25% in the last 3 candles, 449.60 to 430.50.
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 26 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) 12 times of 26 (46%). Median move in the hit's direction -1.03%; best +25.78%, worst -20.30%. Within the window the move typically reached +5.94% in the hit's favour and -4.23% 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
- week of 15 Jan 2024 down -4.25% in the last 3 candles, 449.60 to 430.50.
- week of 08 Jan 2024 up +3.03% in the last 3 candles, 432.10 to 445.20.
- week of 13 Nov 2023 up +6.04% in the last 3 candles, 378.85 to 401.75.
- week of 16 Oct 2023 down -3.17% in the last 3 candles, 402.70 to 389.95.
- week of 02 Oct 2023 down -4.36% in the last 3 candles, 410.65 to 392.75.
- week of 28 Aug 2023 up +7.61% in the last 3 candles, 369.95 to 398.10.
- week of 14 Aug 2023 down -2.57% in the last 3 candles, 367.60 to 358.15.
- week of 10 Jul 2023 up +7.26% in the last 3 candles, 325.65 to 349.30.
- week of 05 Jun 2023 up +4.73% in the last 3 candles, 312.70 to 327.50.
- week of 15 May 2023 down -3.76% in the last 3 candles, 324.90 to 312.70.
- week of 10 Apr 2023 up +5.74% in the last 3 candles, 305.10 to 322.60.
- week of 20 Mar 2023 down -2.35% in the last 3 candles, 312.45 to 305.10.