In progress now Gap at the open · Runs, breaks and structure · reading up
76 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 14 Nov 2022
Gap at the open completed on the candle that closed at week of 14 Nov 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 3.75, +4.17% above the previous close of 3.60.
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 74 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) 36 times of 74 (49%). Median move in the hit's direction -0.00%; best +121.43%, worst -81.00%. Within the window the move typically reached +14.30% in the hit's favour and -13.75% 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 14 Nov 2022 up Opened at 3.75, +4.17% above the previous close of 3.60.
- week of 24 Oct 2022 up Opened at 3.40, +3.03% above the previous close of 3.30.
- week of 10 Oct 2022 up Opened at 4.05, +1.25% above the previous close of 4.00.
- week of 03 Oct 2022 up Opened at 4.15, +3.75% above the previous close of 4.00.
- week of 12 Sep 2022 up Opened at 4.65, +1.09% above the previous close of 4.60.
- week of 05 Sep 2022 up Opened at 4.10, +1.23% above the previous close of 4.05.
- week of 15 Aug 2022 down Opened at 4.45, -4.30% below the previous close of 4.65.
- week of 08 Aug 2022 down Opened at 5.05, -4.72% below the previous close of 5.30.
- week of 01 Aug 2022 up Opened at 5.90, +4.42% above the previous close of 5.65.
- week of 25 Jul 2022 up Opened at 4.75, +4.40% above the previous close of 4.55.
- week of 18 Jul 2022 up Opened at 4.30, +3.61% above the previous close of 4.15.
- week of 11 Jul 2022 up Opened at 4.30, +3.61% above the previous close of 4.15.