In progress now Gap at the open · Runs, breaks and structure · reading down
235 hits in 327 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 04 Oct 2021
Gap at the open completed on the candle that closed at Mon 04 Oct 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 14.30, -4.35% below the previous close of 14.95.
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 225 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) 134 times of 225 (60%). Median move in the hit's direction +2.51%; best +65.33%, worst -36.80%. Within the window the move typically reached +10.25% in the hit's favour and -6.76% 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 04 Oct 2021 down Opened at 14.30, -4.35% below the previous close of 14.95.
- Mon 27 Sep 2021 down Opened at 14.90, -4.79% below the previous close of 15.65.
- Mon 20 Sep 2021 down Opened at 14.75, -4.84% below the previous close of 15.50.
- Mon 13 Sep 2021 down Opened at 14.95, -4.78% below the previous close of 15.70.
- Mon 06 Sep 2021 up Opened at 16.00, +3.23% above the previous close of 15.50.
- Mon 30 Aug 2021 up Opened at 16.20, +4.18% above the previous close of 15.55.
- Mon 23 Aug 2021 down Opened at 15.55, -4.89% below the previous close of 16.35.
- Mon 16 Aug 2021 down Opened at 15.50, -4.02% below the previous close of 16.15.
- Mon 09 Aug 2021 up Opened at 17.20, +1.18% above the previous close of 17.00.
- Mon 02 Aug 2021 down Opened at 15.80, -4.82% below the previous close of 16.60.
- Mon 26 Jul 2021 up Opened at 17.85, +5.00% above the previous close of 17.00.
- Mon 12 Jul 2021 down Opened at 16.10, -4.73% below the previous close of 16.90.