In progress now Gap at the open · Runs, breaks and structure · reading down
349 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 02 Mar 2023
Gap at the open completed on the candle that closed at Thu 02 Mar 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 4.90, -4.85% below the previous close of 5.15.
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 339 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) 155 times of 339 (46%). Median move in the hit's direction -1.09%; best +75.19%, worst -61.79%. Within the window the move typically reached +9.78% in the hit's favour and -7.96% 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
- Thu 02 Mar 2023 down Opened at 4.90, -4.85% below the previous close of 5.15.
- Wed 01 Mar 2023 down Opened at 5.15, -4.63% below the previous close of 5.40.
- Tue 28 Feb 2023 down Opened at 5.40, -4.42% below the previous close of 5.65.
- Mon 27 Feb 2023 down Opened at 5.65, -5.04% below the previous close of 5.95.
- Fri 24 Feb 2023 down Opened at 5.95, -4.80% below the previous close of 6.25.
- Thu 23 Feb 2023 down Opened at 6.25, -4.58% below the previous close of 6.55.
- Wed 22 Feb 2023 down Opened at 6.55, -5.07% below the previous close of 6.90.
- Tue 21 Feb 2023 down Opened at 6.90, -4.83% below the previous close of 7.25.
- Mon 20 Feb 2023 down Opened at 7.25, -4.61% below the previous close of 7.60.
- Mon 13 Feb 2023 down Opened at 7.60, -5.00% below the previous close of 8.00.
- Mon 06 Feb 2023 down Opened at 8.00, -4.76% below the previous close of 8.40.
- Mon 30 Jan 2023 down Opened at 8.40, -5.08% below the previous close of 8.85.