In progress now Gap at the open · Runs, breaks and structure · reading down
73 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 10 Oct 2022
Gap at the open completed on the candle that closed at week of 10 Oct 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 5.30, -3.64% below the previous close of 5.50.
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 71 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) 35 times of 71 (49%). Median move in the hit's direction +0.00%; best +93.02%, worst -43.86%. Within the window the move typically reached +10.16% in the hit's favour and -10.06% 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 10 Oct 2022 down Opened at 5.30, -3.64% below the previous close of 5.50.
- week of 03 Oct 2022 down Opened at 5.50, -3.51% below the previous close of 5.70.
- week of 15 Aug 2022 up Opened at 6.55, +1.55% above the previous close of 6.45.
- week of 01 Aug 2022 up Opened at 6.95, +1.46% above the previous close of 6.85.
- week of 25 Jul 2022 up Opened at 7.90, +1.28% above the previous close of 7.80.
- week of 11 Jul 2022 up Opened at 7.10, +2.16% above the previous close of 6.95.
- week of 27 Jun 2022 up Opened at 7.15, +2.88% above the previous close of 6.95.
- week of 20 Jun 2022 up Opened at 7.45, +1.36% above the previous close of 7.35.
- week of 13 Jun 2022 down Opened at 7.60, -1.30% below the previous close of 7.70.
- week of 30 May 2022 down Opened at 6.60, -1.49% below the previous close of 6.70.
- week of 23 May 2022 up Opened at 7.00, +2.19% above the previous close of 6.85.
- week of 11 Apr 2022 up Opened at 8.25, +2.48% above the previous close of 8.05.