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| Price | ▼ 8.70% | 0.00% | 0.00% | ▲ 4.76% |
| Energy | ▼ 175.9 | 0.0 | ▼ 6.5 | ▲ 122.0 |
Trend of Bull Bias MEL Stock 1H
▸When MEL Stock is in Bull Bias:
- then MEL Stock moved to higher Market State: 17 times — 45.9%
- then MEL Stock moved to lower Market State: 20 times — 54.1%
▸Current MEL Stock market energy: 32.23%
- Distance to upper bound of Bull Bias (at 60%): 27.77%
- Distance to lower bound of Bull Bias (at 20.88%): 11.35%
"Does history really repeat itself?" — 2AITRADING
The system just recorded MEL in the Bull Bias energy level after the 1H candle closed.
Per the 2AiTrading energy measurement system, Market Energy rose +122% from the previous session, from -89.7% to 32.2%.
Time in Bull Bias energy zone: 1 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, MEL Stock Market Energy ranged from -89.7 to +32.2.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did MEL Stock price and energy show when this 1H candle closed?
When the 1H candle at 10:00 on 20-08-2024 closed, MEL Stock was at 6.6, up 4.76% from the previous candle (6.3). Market Energy was 32.2%, up 122.0 points from -89.7%, in the Bull Bias state — controlled by buyers. The Bull Bias zone spans 20.88% to 60%.
How much did MEL price move on this 1H candle, and how large is that historically?
MEL closed at 6.6, up 4.76% from the previous 1H candle (6.3). This rise is larger than 64% of past rises on the 1H timeframe for MEL, across 253 candles since 2019.
How did MEL Stock Market Energy change from the previous candle?
Market Energy rose 122 percentage points from the previous candle — from -89.7% to 32.2%. This rise is larger than 91% of past rises on the 1H timeframe for MEL.
Do MEL price and energy agree?
Yes. This candle recorded price moving up in the same direction as energy. This describes a closed candle, not a forecast of where price goes next.
What state was MEL Stock in on the previous 1H candle?
The previous 1H candle had MEL Stock at -89.7%, Bear Extreme — when this candle closed, MEL Stock moved up to a higher zone: Bear Extreme → Bull Bias.
Where does MEL Stock energy sit within the Bull Bias zone?
At 32.2%, MEL Stock is 27.77 points from the upper boundary of Bull Bias (60%) and 11.35 points from the lower boundary (20.88%) — so energy sits closer to the lower boundary at candle close.
What does Bull Bias mean?
Bull Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bull Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: VNINDEX (Vietnam equities) in Bull Extreme with energy 87.7%; VN30 (VN30 basket) in Bull Extreme with energy 85.5%. Against this backdrop, MEL Stock (Bull Bias, 32.2%) lower than VNINDEX, VN30.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Bias with Market Energy 46.8%. MEL Stock (Bull Bias) and DXY currently sit on the same Bull side.
See the real-time energy chart for MEL Stock.
Open Energy ChartSee the full 2AiTrading Model data for MEL on the MEL Stock overview →
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