In progress now Gap at the open · Runs, breaks and structure · reading up
268 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 24 Sep 2024
Gap at the open completed on the candle that closed at Tue 24 Sep 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 312.25, +5.00% above the previous close of 297.39.
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 262 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) 120 times of 262 (46%). Median move in the hit's direction -0.71%; best +35.25%, worst -31.17%. Within the window the move typically reached +5.90% in the hit's favour and -6.33% 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
- Tue 24 Sep 2024 up Opened at 312.25, +5.00% above the previous close of 297.39.
- Fri 20 Sep 2024 down Opened at 271.00, -2.63% below the previous close of 278.32.
- Wed 18 Sep 2024 down Opened at 280.00, -3.14% below the previous close of 289.09.
- Mon 16 Sep 2024 up Opened at 298.99, +3.09% above the previous close of 290.02.
- Fri 13 Sep 2024 down Opened at 269.05, -4.41% below the previous close of 281.47.
- Wed 11 Sep 2024 down Opened at 271.61, -5.00% below the previous close of 285.91.
- Tue 10 Sep 2024 down Opened at 288.00, -4.31% below the previous close of 300.96.
- Mon 09 Sep 2024 down Opened at 300.96, -5.00% below the previous close of 316.81.
- Thu 05 Sep 2024 up Opened at 328.00, +3.27% above the previous close of 317.61.
- Thu 29 Aug 2024 down Opened at 205.70, -1.01% below the previous close of 207.79.
- Tue 20 Aug 2024 up Opened at 194.80, +1.42% above the previous close of 192.07.
- Wed 14 Aug 2024 down Opened at 181.05, -1.21% below the previous close of 183.26.