In progress now Move of X% within M candles · Runs, breaks and structure · reading up
103 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 02 Nov 2023
Move of X% within M candles completed on the candle that closed at Thu 02 Nov 2023, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
+2.27% in the last 3 candles, 2.20 to 2.25.
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 100 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) 53 times of 100 (53%). Median move in the hit's direction +1.56%; best +43.81%, worst -45.59%. Within the window the move typically reached +5.06% in the hit's favour and -4.96% 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
- Thu 02 Nov 2023 up +2.27% in the last 3 candles, 2.20 to 2.25.
- Mon 23 Oct 2023 down -2.04% in the last 3 candles, 2.45 to 2.40.
- Thu 19 Oct 2023 up +8.51% in the last 3 candles, 2.35 to 2.55.
- Mon 16 Oct 2023 down -6.00% in the last 3 candles, 2.50 to 2.35.
- Mon 09 Oct 2023 down -3.85% in the last 3 candles, 2.60 to 2.50.
- Thu 28 Sep 2023 up +3.92% in the last 3 candles, 2.55 to 2.65.
- Tue 26 Sep 2023 down -9.26% in the last 3 candles, 2.70 to 2.45.
- Mon 18 Sep 2023 up +4.17% in the last 3 candles, 2.40 to 2.50.
- Tue 12 Sep 2023 down -3.85% in the last 3 candles, 2.60 to 2.50.
- Wed 30 Aug 2023 up +2.44% in the last 3 candles, 2.05 to 2.10.
- Mon 28 Aug 2023 up +2.50% in the last 3 candles, 2.00 to 2.05.
- Wed 23 Aug 2023 down -2.44% in the last 3 candles, 2.05 to 2.00.