In progress now Gap at the open · Runs, breaks and structure · reading down
100 hits in 143 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 23 Oct 2023
Gap at the open completed on the candle that closed at week of 23 Oct 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 5.30, -4.50% below the previous close of 5.55.
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 96 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) 46 times of 96 (48%). Median move in the hit's direction -0.31%; best +49.41%, worst -58.07%. Within the window the move typically reached +10.15% in the hit's favour and -6.53% 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 23 Oct 2023 down Opened at 5.30, -4.50% below the previous close of 5.55.
- week of 16 Oct 2023 down Opened at 5.55, -4.31% below the previous close of 5.80.
- week of 09 Oct 2023 up Opened at 5.30, +4.95% above the previous close of 5.05.
- week of 02 Oct 2023 down Opened at 4.45, -4.30% below the previous close of 4.65.
- week of 25 Sep 2023 down Opened at 4.65, -5.10% below the previous close of 4.90.
- week of 18 Sep 2023 down Opened at 4.90, -4.85% below the previous close of 5.15.
- week of 11 Sep 2023 down Opened at 5.15, -4.63% below the previous close of 5.40.
- week of 04 Sep 2023 down Opened at 5.40, -4.42% below the previous close of 5.65.
- week of 21 Aug 2023 up Opened at 4.75, +4.40% above the previous close of 4.55.
- week of 31 Jul 2023 up Opened at 4.45, +1.14% above the previous close of 4.40.
- week of 10 Jul 2023 up Opened at 4.45, +1.14% above the previous close of 4.40.
- week of 03 Jul 2023 up Opened at 4.45, +1.14% above the previous close of 4.40.