In progress now Gap at the open · Runs, breaks and structure · reading up
191 hits in 295 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 26 Jul 2021
Gap at the open completed on the candle that closed at Mon 26 Jul 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 114.15, +4.97% above the previous close of 108.75.
What this pattern is taken to mean
The session opened at least X% away from the previous close. Read as news or flow arriving overnight.
What followed on this name's own record
After 181 earlier hits on this name's daily candles, the close 10 sessions later went the hit's own way (up after an up reading, down after a down one) 101 times of 181 (56%). Median move in the hit's direction +2.02%; best +62.27%, worst -60.68%. Within the window the move typically reached +16.25% in the hit's favour and -5.13% against it.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · pct = 1
- At the first candle of each session, compare its open with the last close of the previous session.
- Gap % = open / previous close − 1.
- The pattern completes when |gap %| ≥ pct; direction is the gap's sign.
- On daily candles this is simply open vs the previous day's close.
The last 12 hits on this name
- Mon 26 Jul 2021 up Opened at 114.15, +4.97% above the previous close of 108.75.
- Fri 23 Jul 2021 up Opened at 108.75, +4.97% above the previous close of 103.60.
- Thu 22 Jul 2021 up Opened at 103.60, +4.96% above the previous close of 98.70.
- Tue 20 Jul 2021 up Opened at 98.70, +5.00% above the previous close of 94.00.
- Mon 19 Jul 2021 up Opened at 94.00, +4.97% above the previous close of 89.55.
- Fri 16 Jul 2021 up Opened at 89.55, +4.98% above the previous close of 85.30.
- Thu 15 Jul 2021 up Opened at 85.30, +4.98% above the previous close of 81.25.
- Wed 14 Jul 2021 up Opened at 81.25, +4.97% above the previous close of 77.40.
- Tue 13 Jul 2021 up Opened at 77.35, +4.88% above the previous close of 73.75.
- Mon 12 Jul 2021 up Opened at 72.75, +3.56% above the previous close of 70.25.
- Thu 08 Jul 2021 up Opened at 69.90, +1.75% above the previous close of 68.70.
- Wed 07 Jul 2021 up Opened at 70.90, +4.04% above the previous close of 68.15.