Just hit Gap at the open · Runs, breaks and structure · reading down
14 hits in 46 candles · test this one alone Sign in to be alertedHit 2 weeks ago — week of 03 Jan 2022
Gap at the open completed on the weekly candle of week of 03 Jan 2022, a down reading, 2 weeks before the latest one (which closed at week of 02 May 2022 at 0.20). Since the hit the close has moved +0.00%.
What the candles did
Opened at 0.15, -25.00% below the previous close of 0.20.
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 12 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) 5 times of 12 (42%). Median move in the hit's direction -0.00%; best +57.14%, worst -50.00%. Within the window the move typically reached +32.50% in the hit's favour and -10.00% against it. On this name it has more often gone the other way.
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 03 Jan 2022 down Opened at 0.15, -25.00% below the previous close of 0.20.
- week of 06 Dec 2021 down Opened at 0.15, -25.00% below the previous close of 0.20.
- week of 04 Oct 2021 down Opened at 0.15, -25.00% below the previous close of 0.20.
- week of 06 Sep 2021 down Opened at 0.15, -25.00% below the previous close of 0.20.
- week of 10 Aug 2020 down Opened at 0.20, -20.00% below the previous close of 0.25.
- week of 03 Aug 2020 up Opened at 0.30, +20.00% above the previous close of 0.25.
- week of 27 Jul 2020 down Opened at 0.25, -16.67% below the previous close of 0.30.
- week of 18 May 2020 down Opened at 0.20, -20.00% below the previous close of 0.25.
- week of 11 May 2020 down Opened at 0.25, -16.67% below the previous close of 0.30.
- week of 04 May 2020 down Opened at 0.30, -14.29% below the previous close of 0.35.
- week of 27 Apr 2020 down Opened at 0.35, -12.50% below the previous close of 0.40.
- week of 20 Apr 2020 up Opened at 0.40, +14.29% above the previous close of 0.35.