In progress now Gap at the open · Runs, breaks and structure · reading down
68 hits in 90 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 04 Oct 2021
Gap at the open completed on the candle that closed at week of 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 64 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) 40 times of 64 (62%). Median move in the hit's direction +6.58%; best +54.60%, worst -41.70%. Within the window the move typically reached +14.75% in the hit's favour and -5.90% 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
- week of 04 Oct 2021 down Opened at 14.30, -4.35% below the previous close of 14.95.
- week of 27 Sep 2021 down Opened at 14.90, -4.79% below the previous close of 15.65.
- week of 20 Sep 2021 down Opened at 14.75, -4.84% below the previous close of 15.50.
- week of 13 Sep 2021 down Opened at 14.95, -4.78% below the previous close of 15.70.
- week of 06 Sep 2021 up Opened at 16.00, +3.23% above the previous close of 15.50.
- week of 30 Aug 2021 up Opened at 16.20, +4.18% above the previous close of 15.55.
- week of 23 Aug 2021 down Opened at 15.55, -4.89% below the previous close of 16.35.
- week of 16 Aug 2021 down Opened at 15.50, -4.02% below the previous close of 16.15.
- week of 09 Aug 2021 up Opened at 17.20, +1.18% above the previous close of 17.00.
- week of 02 Aug 2021 down Opened at 15.80, -4.82% below the previous close of 16.60.
- week of 26 Jul 2021 up Opened at 17.85, +5.00% above the previous close of 17.00.
- week of 12 Jul 2021 down Opened at 16.10, -4.73% below the previous close of 16.90.