This is a really simple (almost too simple) way of predicting the most likely number of candles before a revisit to a certain level, presuming no outside factors increase the required sample of study. I have just tried to predict very specific candle positions and times as well as the bottom, but this is only for the extreme near future (ie, the easiest to predict), past that it becomes harder unless you reduce your precision several factors.
This is an ideal situation where there is a clear median that it has clung to, and the standard deviations are very obvious and apparent.
Note: I am only counting candle bodies, not wicks.
edit: I also made the highlight before the current hour while I was writing this it seems to agree with me so far.
This is an ideal situation where there is a clear median that it has clung to, and the standard deviations are very obvious and apparent.
Note: I am only counting candle bodies, not wicks.
edit: I also made the highlight before the current hour while I was writing this it seems to agree with me so far.