Bullish Candle Low Break Probability (0.20% - 1% Gain)
This analysis tracks the probability of price breaking the low of a bullish candle during subsequent hours. Each bar represents the percentage of times the exact low was broken in that specific hour, based on 2,101 bullish candles analyzed over a 24-hour period. Higher probabilities indicate increased likelihood of a break during that hour.
Key Insights
- Highest probability of reversal occurs in the second hour (14.85%), followed by the first hour (12.18%)
- Third hour shows strong reversal potential (11.99%) before a significant drop in the fourth hour
- After 12 hours, probabilities generally remain below 2.5%
- Cumulative probability exceeds 50% after just 5 hours, indicating most reversals happen early
- By the 19th hour, 100% of the reversals in the sample have occurred