In progress now Gap at the open · Runs, breaks and structure · reading up
41 hits in 79 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 26 Jul 2021
Gap at the open completed on the candle that closed at week of 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 37 earlier hits on this name's weekly candles, the close 4 weeks later went the hit's own way (up after an up reading, down after a down one) 19 times of 37 (51%). Median move in the hit's direction +0.81%; best +136.14%, worst -57.39%. Within the window the move typically reached +18.78% in the hit's favour and -9.34% against it. On this name that is a coin toss.
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
- week of 26 Jul 2021 up Opened at 114.15, +4.97% above the previous close of 108.75.
- week of 19 Jul 2021 up Opened at 94.00, +4.97% above the previous close of 89.55.
- week of 12 Jul 2021 up Opened at 72.75, +3.56% above the previous close of 70.25.
- week of 05 Jul 2021 up Opened at 70.00, +1.89% above the previous close of 68.70.
- week of 28 Jun 2021 down Opened at 71.55, -1.65% below the previous close of 72.75.
- week of 07 Jun 2021 down Opened at 58.30, -2.59% below the previous close of 59.85.
- week of 31 May 2021 up Opened at 64.20, +3.55% above the previous close of 62.00.
- week of 17 May 2021 up Opened at 65.90, +4.85% above the previous close of 62.85.
- week of 10 May 2021 up Opened at 56.25, +4.07% above the previous close of 54.05.
- week of 26 Apr 2021 down Opened at 49.80, -4.14% below the previous close of 51.95.
- week of 19 Apr 2021 up Opened at 51.10, +1.49% above the previous close of 50.35.
- week of 12 Apr 2021 down Opened at 49.00, -4.67% below the previous close of 51.40.