80:20 Candle Days - Short-term Patterns - LSE EOD Scan

Up Close

1) open is in the bottom 20% of the daily range, 2) close in the top 20% and 3) the daily range is greater than the 14 day average true range.

FTSE100 stocks for 27 Mar 2023

No results found for this scan

Other LSE stocks for 27 Mar 2023

Scan criteria:

close in top 20% of daily range
open in bottom 20% of daily range
daily range > 14 day average true range
volume greater than 20 day average volume
20 day average volume over 300,000
last closing price > 0.39 GBP

Down Close

1) Open is in the top 20% of the daily range, 2) close in the bottom 20% and 3) the daily range is greater than the 14 day average true range.

FTSE100 stocks for 27 Mar 2023

Other LSE stocks for 27 Mar 2023

Scan criteria:

open in top 20% of daily range
close in bottom 20% of daily range
daily range > 14 day average true range
volume greater than 20 day average volume
20 day average volume over 300,000
last closing price > 0.39 GBP

Notes

Popular day trading strategy because its deemed to have a high probability of a follow through in the same direction at the open of the next session. However, watch out for a possible midday reversal.

See also:-

LSE Short-term pattern scans:-

LSE Medium-term pattern scans:-

new 20 day highs
new 20 day lows
ADX over 30 - positive bias - contraction of price (+DI14 > -DI14)
ADX over 30 - positive bias - lowering tops inside day (+DI14 > -DI14)
ADX over 30 - negative bias - contraction of price (-DI14 > +DI14)
ADX over 30 - negative bias - increasing tops inside day (-DI14 > +DI14)
Toby Crabel 20 day narrow ranges
Four day sequences

LSE Medium-term trend pivot point scans:-

LSE Medium-term trend change scans:-

NB. Our scans are inspired by eminent traders and speculators of the present and past!

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