In progress now Gap at the open · Runs, breaks and structure · reading down
256 hits in 360 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Fri 11 Jun 2021
Gap at the open completed on the candle that closed at Fri 11 Jun 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 16.70, -9.97% below the previous close of 18.55.
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 249 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) 129 times of 249 (52%). Median move in the hit's direction +1.18%; best +61.63%, worst -50.87%. Within the window the move typically reached +13.25% in the hit's favour and -7.06% 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
- Fri 11 Jun 2021 down Opened at 16.70, -9.97% below the previous close of 18.55.
- Thu 10 Jun 2021 down Opened at 18.55, -9.95% below the previous close of 20.60.
- Wed 09 Jun 2021 down Opened at 21.95, -3.94% below the previous close of 22.85.
- Tue 08 Jun 2021 up Opened at 22.85, +9.86% above the previous close of 20.80.
- Mon 07 Jun 2021 up Opened at 20.80, +9.76% above the previous close of 18.95.
- Wed 02 Jun 2021 up Opened at 17.90, +2.58% above the previous close of 17.45.
- Mon 31 May 2021 up Opened at 17.75, +1.14% above the previous close of 17.55.
- Thu 27 May 2021 up Opened at 18.40, +1.94% above the previous close of 18.05.
- Tue 25 May 2021 up Opened at 19.10, +4.95% above the previous close of 18.20.
- Mon 24 May 2021 up Opened at 18.20, +4.90% above the previous close of 17.35.
- Fri 21 May 2021 up Opened at 17.25, +4.23% above the previous close of 16.55.
- Thu 20 May 2021 up Opened at 16.50, +4.43% above the previous close of 15.80.