80-20 Candle Days - short-term pattern - NYSE & NASDAQ Scan

Bullish Patterns

1) Up close, 2) open is in the bottom 20% of the daily range, 3) close in the top 20% and 4) the daily range is greater than the 14 day average true range.

S&P500 & NASDAQ100 for 25 Jan 2021

Other NYSE & NASDAQ Stocks for 25 Jan 2021

Scan criteria for both scans above:

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

Bearish Patterns

1) Down close, 2) open is in the top 20% of the daily range, 3) close in the bottom 20% and 4) the daily range is greater than the 14 day average true range.

S&P500 & NASDAQ100 for 25 Jan 2021

Other NYSE & NASDAQ Stocks for 25 Jan 2021

Scan criteria for both scans above:

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

Notes

1) 80-20 candles;-

popular day trading strategy for continuation at the open next session and a possible reversal!
It is deemed to have a high probability of a follow through in the same direction at the open.
however, it was said to have a better than average probability of a midday reversal.

2) Common criteria for all scans above:-

20 day average volume or last session volume over 750,000
last closing price > 4 USD

See also:

NYSE & NASDAQ Short-term pattern scans:-

NYSE & NASDAQ Medium-term pattern scans:-

new 20 day highs
new 20 day lows
ADX over 30 - positive bias (+DI14 > -DI14)
ADX over 30 - negative bias (-DI14 > +DI14)
Toby Crabel 20 day narrow ranges
Four day sequences

NYSE & NASDAQ Medium-term trend pivot point scans:-

NYSE & NASDAQ Medium-term trend change scans:-

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

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