In progress now Gap at the open · Runs, breaks and structure · reading down
45 hits in 62 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 01 Mar 2021
Gap at the open completed on the candle that closed at week of 01 Mar 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 4.40, -4.35% below the previous close of 4.60.
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 41 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) 21 times of 41 (51%). Median move in the hit's direction +1.28%; best +92.59%, worst -82.61%. Within the window the move typically reached +15.00% in the hit's favour and -8.93% 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 01 Mar 2021 down Opened at 4.40, -4.35% below the previous close of 4.60.
- week of 22 Feb 2021 up Opened at 3.85, +4.05% above the previous close of 3.70.
- week of 15 Feb 2021 up Opened at 4.40, +4.76% above the previous close of 4.20.
- week of 08 Feb 2021 down Opened at 3.55, -4.05% below the previous close of 3.70.
- week of 25 Jan 2021 up Opened at 4.00, +1.27% above the previous close of 3.95.
- week of 18 Jan 2021 down Opened at 4.25, -4.49% below the previous close of 4.45.
- week of 11 Jan 2021 up Opened at 5.45, +3.81% above the previous close of 5.25.
- week of 04 Jan 2021 up Opened at 4.40, +4.76% above the previous close of 4.20.
- week of 21 Dec 2020 up Opened at 4.40, +4.76% above the previous close of 4.20.
- week of 14 Dec 2020 up Opened at 3.75, +4.17% above the previous close of 3.60.
- week of 07 Dec 2020 up Opened at 3.20, +4.92% above the previous close of 3.05.
- week of 30 Nov 2020 up Opened at 2.95, +1.72% above the previous close of 2.90.