In progress now Gap at the open · Runs, breaks and structure · reading down
110 hits in 130 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 12 Dec 2022
Gap at the open completed on the candle that closed at week of 12 Dec 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 1.90, -2.56% below the previous close of 1.95.
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 106 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) 64 times of 106 (60%). Median move in the hit's direction +4.75%; best +75.19%, worst -64.57%. Within the window the move typically reached +14.04% in the hit's favour and -8.62% 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 12 Dec 2022 down Opened at 1.90, -2.56% below the previous close of 1.95.
- week of 05 Dec 2022 down Opened at 1.85, -2.63% below the previous close of 1.90.
- week of 28 Nov 2022 down Opened at 1.90, -5.00% below the previous close of 2.00.
- week of 21 Nov 2022 down Opened at 2.00, -4.76% below the previous close of 2.10.
- week of 14 Nov 2022 down Opened at 2.10, -4.55% below the previous close of 2.20.
- week of 07 Nov 2022 down Opened at 2.20, -4.35% below the previous close of 2.30.
- week of 31 Oct 2022 down Opened at 2.30, -4.17% below the previous close of 2.40.
- week of 24 Oct 2022 down Opened at 2.40, -4.00% below the previous close of 2.50.
- week of 17 Oct 2022 down Opened at 2.50, -3.85% below the previous close of 2.60.
- week of 10 Oct 2022 down Opened at 2.60, -3.70% below the previous close of 2.70.
- week of 03 Oct 2022 down Opened at 2.70, -3.57% below the previous close of 2.80.
- week of 26 Sep 2022 down Opened at 2.80, -3.45% below the previous close of 2.90.