In progress now Gap at the open · Runs, breaks and structure · reading down
49 hits in 67 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 05 Apr 2021
Gap at the open completed on the candle that closed at week of 05 Apr 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 15.50, -2.82% below the previous close of 15.95.
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 46 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) 21 times of 46 (46%). Median move in the hit's direction -0.90%; best +142.86%, worst -37.20%. Within the window the move typically reached +12.27% in the hit's favour and -11.48% 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 05 Apr 2021 down Opened at 15.50, -2.82% below the previous close of 15.95.
- week of 29 Mar 2021 down Opened at 15.35, -4.66% below the previous close of 16.10.
- week of 15 Mar 2021 down Opened at 16.60, -3.21% below the previous close of 17.15.
- week of 08 Mar 2021 up Opened at 18.70, +4.76% above the previous close of 17.85.
- week of 01 Mar 2021 up Opened at 14.75, +4.98% above the previous close of 14.05.
- week of 22 Feb 2021 up Opened at 11.65, +4.95% above the previous close of 11.10.
- week of 15 Feb 2021 up Opened at 9.20, +4.55% above the previous close of 8.80.
- week of 08 Feb 2021 up Opened at 8.00, +8.84% above the previous close of 7.35.
- week of 01 Feb 2021 up Opened at 7.65, +4.79% above the previous close of 7.30.
- week of 18 Jan 2021 up Opened at 7.60, +1.33% above the previous close of 7.50.
- week of 11 Jan 2021 up Opened at 7.85, +4.67% above the previous close of 7.50.
- week of 04 Jan 2021 up Opened at 7.85, +1.95% above the previous close of 7.70.