In progress now Gap at the open · Runs, breaks and structure · reading down
79 hits in 110 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 07 Feb 2022
Gap at the open completed on the candle that closed at week of 07 Feb 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 1.90, -5.00% below the previous close of 2.00.
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 75 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) 25 times of 75 (33%). Median move in the hit's direction -2.94%; best +85.71%, worst -112.50%. Within the window the move typically reached +10.00% in the hit's favour and -11.76% 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
- week of 07 Feb 2022 down Opened at 1.90, -5.00% below the previous close of 2.00.
- week of 31 Jan 2022 down Opened at 2.25, -4.26% below the previous close of 2.35.
- week of 24 Jan 2022 down Opened at 2.65, -3.64% below the previous close of 2.75.
- week of 17 Jan 2022 up Opened at 2.80, +3.70% above the previous close of 2.70.
- week of 10 Jan 2022 up Opened at 2.30, +4.55% above the previous close of 2.20.
- week of 03 Jan 2022 up Opened at 1.90, +2.70% above the previous close of 1.85.
- week of 27 Dec 2021 up Opened at 1.65, +3.12% above the previous close of 1.60.
- week of 13 Dec 2021 up Opened at 1.65, +3.12% above the previous close of 1.60.
- week of 06 Dec 2021 down Opened at 1.45, -3.33% below the previous close of 1.50.
- week of 29 Nov 2021 down Opened at 1.55, -3.12% below the previous close of 1.60.
- week of 22 Nov 2021 up Opened at 1.55, +3.33% above the previous close of 1.50.
- week of 08 Nov 2021 up Opened at 1.65, +6.45% above the previous close of 1.55.