In progress now Gap at the open · Runs, breaks and structure · reading down
384 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 10 Feb 2022
Gap at the open completed on the candle that closed at Thu 10 Feb 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 1.75, -2.78% below the previous close of 1.80.
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 374 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) 157 times of 374 (42%). Median move in the hit's direction +0.00%; best +58.82%, worst -75.00%. Within the window the move typically reached +9.23% in the hit's favour and -6.67% 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
- Thu 10 Feb 2022 down Opened at 1.75, -2.78% below the previous close of 1.80.
- Wed 09 Feb 2022 down Opened at 1.80, -2.70% below the previous close of 1.85.
- Tue 08 Feb 2022 down Opened at 1.85, -2.63% below the previous close of 1.90.
- Mon 07 Feb 2022 down Opened at 1.90, -5.00% below the previous close of 2.00.
- Fri 04 Feb 2022 down Opened at 2.00, -4.76% below the previous close of 2.10.
- Thu 03 Feb 2022 down Opened at 1.95, -4.88% below the previous close of 2.05.
- Wed 02 Feb 2022 down Opened at 2.05, -4.65% below the previous close of 2.15.
- Tue 01 Feb 2022 down Opened at 2.15, -4.44% below the previous close of 2.25.
- Mon 31 Jan 2022 down Opened at 2.25, -4.26% below the previous close of 2.35.
- Fri 28 Jan 2022 down Opened at 2.35, -4.08% below the previous close of 2.45.
- Thu 27 Jan 2022 down Opened at 2.45, -3.92% below the previous close of 2.55.
- Tue 25 Jan 2022 down Opened at 2.55, -3.77% below the previous close of 2.65.