In progress now Gap at the open · Runs, breaks and structure · reading up
58 hits in 76 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 07 Jun 2021
Gap at the open completed on the candle that closed at week of 07 Jun 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 20.80, +9.76% above the previous close of 18.95.
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 54 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 54 (46%). Median move in the hit's direction -5.97%; best +112.99%, worst -70.13%. Within the window the move typically reached +18.23% in the hit's favour and -14.44% 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
- week of 07 Jun 2021 up Opened at 20.80, +9.76% above the previous close of 18.95.
- week of 31 May 2021 up Opened at 17.75, +1.14% above the previous close of 17.55.
- week of 24 May 2021 up Opened at 18.20, +4.90% above the previous close of 17.35.
- week of 17 May 2021 up Opened at 15.45, +1.98% above the previous close of 15.15.
- week of 03 May 2021 down Opened at 15.00, -2.60% below the previous close of 15.40.
- week of 26 Apr 2021 up Opened at 13.55, +1.50% above the previous close of 13.35.
- week of 29 Mar 2021 down Opened at 15.65, -1.88% below the previous close of 15.95.
- week of 22 Mar 2021 down Opened at 17.45, -1.41% below the previous close of 17.70.
- week of 08 Mar 2021 down Opened at 21.65, -4.84% below the previous close of 22.75.
- week of 01 Mar 2021 up Opened at 20.75, +4.80% above the previous close of 19.80.
- week of 15 Feb 2021 up Opened at 15.65, +4.68% above the previous close of 14.95.
- week of 08 Feb 2021 down Opened at 16.55, -4.89% below the previous close of 17.40.