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| Price | ▲ 5.74% | ▼ 1.22% | ▼ 0.18% | ▼ 8.04% |
| Energy | ▲ 19.4 | ▲ 8.7 | ▼ 4.1 | ▼ 69.8 |
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: -52.74%
- Distance to upper bound of Bear Bias (at -20.88%): 31.86%
- Distance to lower bound of Bear Bias (at -60%): 7.26%
"A person's history reveals more than you might think" — 2AITRADING
As the Daily candle completes, SOLUSD in trend energy leaning Bear.
On the 2AiTrading energy system, Market Energy dropped -69.8% this candle, currently -52.7% (previous candle 17%).
Time in Bear Bias energy zone: 1 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 -52.7 to +21.2.
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 16-11-2021 closed, SOLUSD was at 219.04, down 8.04% from the previous candle (238.2). Market Energy was -52.7%, down 69.8 points from 17%, 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 219.04, down 8.04% from the previous Daily candle (238.2). This drop is larger than 79% of past drops on the Daily timeframe for SOLUSD, across 461 candles since 2019.
How did SOLUSD Market Energy change from the previous candle?
Market Energy fell 69.8 percentage points from the previous candle — from 17% to -52.7%. This drop is larger than 99% of past drops on the Daily timeframe for SOLUSD.
Do SOLUSD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was SOLUSD in on the previous Daily candle?
The previous Daily candle had SOLUSD at 17%, Neutral — when this candle closed, SOLUSD moved down to a lower zone: Neutral → Bear Bias.
Where does SOLUSD energy sit within the Bear Bias zone?
At -52.7%, SOLUSD is 31.86 points from the upper boundary of Bear Bias (-20.88%) and 7.26 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 Neutral with energy -6.2%; GER40 (European equities) in Bull Bias with energy 37.9%. Against this backdrop, SOLUSD (Bear Bias, -52.7%) 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 Bull Extreme with Market Energy 93%. SOLUSD (Bear Bias) and DXY currently sit on opposite sides.
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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