Just hit Gap at the open · Runs, breaks and structure · reading up
77 hits in 110 candles · test this one alone Sign in to be alertedHit 2 weeks ago — week of 12 Jun 2023
Gap at the open completed on the weekly candle of week of 12 Jun 2023, an up reading, 2 weeks before the latest one (which closed at week of 26 Jun 2023 at 8.55). Since the hit the close has moved +0.00%.
What the candles did
Opened at 8.80, +2.33% above the previous close of 8.60.
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) 31 times of 75 (41%). Median move in the hit's direction -2.99%; best +78.16%, worst -44.76%. Within the window the move typically reached +8.40% in the hit's favour and -10.30% 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 12 Jun 2023 up Opened at 8.80, +2.33% above the previous close of 8.60.
- week of 05 Jun 2023 up Opened at 8.60, +4.24% above the previous close of 8.25.
- week of 29 May 2023 down Opened at 7.65, -2.55% below the previous close of 7.85.
- week of 15 May 2023 up Opened at 9.00, +1.12% above the previous close of 8.90.
- week of 08 May 2023 up Opened at 9.65, +4.89% above the previous close of 9.20.
- week of 03 Apr 2023 up Opened at 8.40, +2.44% above the previous close of 8.20.
- week of 27 Mar 2023 up Opened at 8.85, +2.31% above the previous close of 8.65.
- week of 13 Mar 2023 up Opened at 10.00, +4.17% above the previous close of 9.60.
- week of 27 Feb 2023 down Opened at 9.80, -3.45% below the previous close of 10.15.
- week of 13 Feb 2023 up Opened at 10.90, +2.35% above the previous close of 10.65.
- week of 06 Feb 2023 up Opened at 10.60, +2.42% above the previous close of 10.35.
- week of 23 Jan 2023 up Opened at 11.55, +2.21% above the previous close of 11.30.