Just hit Gap at the open · Runs, breaks and structure · reading down
7 hits in 17 candles · test this one alone Sign in to be alertedHit 3 weeks ago — week of 22 Mar 2021
Gap at the open completed on the weekly candle of week of 22 Mar 2021, a down reading, 3 weeks before the latest one (which closed at week of 12 Apr 2021 at 1.60). Since the hit the close has moved +0.00%.
What the candles did
Opened at 1.60, -3.03% below the previous close of 1.65.
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 6 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) 3 times of 6 (50%). Median move in the hit's direction +1.47%; best +3.23%, worst -3.03%. Within the window the move typically reached +6.07% in the hit's favour and -3.08% 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 7 hits on this name
- week of 22 Mar 2021 down Opened at 1.60, -3.03% below the previous close of 1.65.
- week of 15 Mar 2021 up Opened at 1.65, +3.12% above the previous close of 1.60.
- week of 08 Mar 2021 down Opened at 1.50, -3.23% below the previous close of 1.55.
- week of 01 Mar 2021 up Opened at 1.65, +3.12% above the previous close of 1.60.
- week of 09 Mar 2020 down Opened at 1.60, -3.03% below the previous close of 1.65.
- week of 24 Feb 2020 down Opened at 1.65, -2.94% below the previous close of 1.70.
- week of 03 Feb 2020 down Opened at 1.70, -2.86% below the previous close of 1.75.