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| Price | ▼ 1.03% | ▼ 8.50% | ▼ 3.02% | ▼ 0.93% |
| Energy | ▼ 2.9 | ▼ 32.8 | ▼ 23.1 | ▼ 1.3 |
Trend of Bear Bias SOLUSD Daily
▸When SOLUSD is in Bear Bias:
- then SOLUSD moved to higher Market State: 105 times — 58.7%
- then SOLUSD moved to lower Market State: 74 times — 41.3%
▸Current SOLUSD market energy: -48.35%
- Distance to upper bound of Bear Bias (at -20.88%): 27.47%
- Distance to lower bound of Bear Bias (at -60%): 11.65%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
From the just-closed Daily candle data, SOLUSD within the Market Energy state leaning Bear.
Per the 2AiTrading energy measurement system, Market Energy dropped -1.3% from the previous candle, from -47.1% to -48.3%.
Time in Bear Bias energy zone: 3 Daily 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, SOLUSD Market Energy ranged from -48.3 to +15.3.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did SOLUSD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 04-10-2020 closed, SOLUSD was at 2.5202, down 0.93% from the previous candle (2.5439). Market Energy was -48.3%, down 1.3 points from -47.1%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did SOLUSD price move on this Daily candle, and how large is that historically?
SOLUSD closed at 2.5202, down 0.93% from the previous Daily candle (2.5439). This drop is larger than 8% of past drops on the Daily timeframe for SOLUSD, across 53 candles since 2019.
How did SOLUSD Market Energy change from the previous candle?
Market Energy fell 1.3 percentage points from the previous candle — from -47.1% to -48.3%. This drop is larger than 7% of past drops on the Daily timeframe for SOLUSD.
Do SOLUSD price and energy agree?
Yes. On this candle price fell and energy fell — both moved the same way. This describes the candle that just closed; it does not say where price goes next.
What state was SOLUSD in on the previous Daily candle?
The previous Daily candle had SOLUSD at -47.1%, Bear Bias — this candle kept the same state, no zone change.
Where does SOLUSD energy sit within the Bear Bias zone?
At -48.3%, SOLUSD is 27.47 points from the upper boundary of Bear Bias (-20.88%) and 11.65 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear 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 Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 24.7%; GER40 (European equities) in Bull Bias with energy 50%. Against this backdrop, SOLUSD (Bear Bias, -48.3%) lower than SPX500, GER40.
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 Neutral with Market Energy 8.2%. SOLUSD energy is currently below DXY by 56.6 points.
See the real-time energy chart for SOLUSD.
Open Energy ChartSee the full 2AiTrading Model data for SOLUSD on the SOLUSD overview →
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