In progress now Gap at the open · Runs, breaks and structure · reading up
176 hits in 273 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 20 Jul 2021
Gap at the open completed on the candle that closed at Tue 20 Jul 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 0.80, +6.67% above the previous close of 0.75.
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 167 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) 65 times of 167 (39%). Median move in the hit's direction -0.00%; best +120.00%, worst -100.00%. Within the window the move typically reached +25.00% in the hit's favour and -25.00% against it. On this name it has more often gone the other way.
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
- Tue 20 Jul 2021 up Opened at 0.80, +6.67% above the previous close of 0.75.
- Mon 19 Jul 2021 up Opened at 0.75, +7.14% above the previous close of 0.70.
- Fri 16 Jul 2021 up Opened at 0.70, +7.69% above the previous close of 0.65.
- Thu 15 Jul 2021 up Opened at 0.65, +8.33% above the previous close of 0.60.
- Wed 14 Jul 2021 up Opened at 0.60, +9.09% above the previous close of 0.55.
- Mon 12 Jul 2021 down Opened at 0.40, -11.11% below the previous close of 0.45.
- Mon 05 Jul 2021 down Opened at 0.45, -10.00% below the previous close of 0.50.
- Mon 28 Jun 2021 down Opened at 0.50, -9.09% below the previous close of 0.55.
- Mon 21 Jun 2021 down Opened at 0.55, -8.33% below the previous close of 0.60.
- Mon 14 Jun 2021 down Opened at 0.60, -7.69% below the previous close of 0.65.
- Mon 07 Jun 2021 down Opened at 0.65, -7.14% below the previous close of 0.70.
- Mon 31 May 2021 down Opened at 0.70, -6.67% below the previous close of 0.75.