In progress now Gap at the open · Runs, breaks and structure · reading down
11 hits in 20 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 26 May 2020
Gap at the open completed on the candle that closed at Tue 26 May 2020, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 3.65, -3.95% below the previous close of 3.80.
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 6 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 6 times of 6 (100%). Median move in the hit's direction +21.07%; best +33.94%, worst +3.80%. Within the window the move typically reached +28.84% in the hit's favour and -0.00% against it.
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 11 hits on this name
- Tue 26 May 2020 down Opened at 3.65, -3.95% below the previous close of 3.80.
- Mon 18 May 2020 down Opened at 3.75, -2.60% below the previous close of 3.85.
- Mon 20 Apr 2020 up Opened at 3.50, +1.45% above the previous close of 3.45.
- Mon 30 Mar 2020 down Opened at 3.60, -4.00% below the previous close of 3.75.
- Mon 23 Mar 2020 down Opened at 3.75, -3.85% below the previous close of 3.90.
- Mon 09 Mar 2020 down Opened at 3.95, -4.82% below the previous close of 4.15.
- Mon 24 Feb 2020 down Opened at 4.35, -4.40% below the previous close of 4.55.
- Mon 10 Feb 2020 down Opened at 4.75, -4.04% below the previous close of 4.95.
- Mon 03 Feb 2020 down Opened at 4.95, -4.81% below the previous close of 5.20.
- Mon 27 Jan 2020 down Opened at 5.20, -4.59% below the previous close of 5.45.
- Mon 20 Jan 2020 down Opened at 5.45, -4.39% below the previous close of 5.70.