In progress now Gap at the open · Runs, breaks and structure · reading down
41 hits in 57 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 25 Jan 2021
Gap at the open completed on the candle that closed at week of 25 Jan 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 7.60, -4.40% below the previous close of 7.95.
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 37 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) 19 times of 37 (51%). Median move in the hit's direction +2.94%; best +104.76%, worst -78.95%. Within the window the move typically reached +13.13% in the hit's favour and -12.50% 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 25 Jan 2021 down Opened at 7.60, -4.40% below the previous close of 7.95.
- week of 18 Jan 2021 down Opened at 7.80, -4.88% below the previous close of 8.20.
- week of 11 Jan 2021 down Opened at 9.55, -4.98% below the previous close of 10.05.
- week of 04 Jan 2021 down Opened at 12.25, -4.67% below the previous close of 12.85.
- week of 21 Dec 2020 up Opened at 14.00, +1.82% above the previous close of 13.75.
- week of 14 Dec 2020 up Opened at 12.50, +4.17% above the previous close of 12.00.
- week of 07 Dec 2020 up Opened at 12.35, +4.66% above the previous close of 11.80.
- week of 30 Nov 2020 up Opened at 10.25, +4.59% above the previous close of 9.80.
- week of 23 Nov 2020 up Opened at 8.45, +3.05% above the previous close of 8.20.
- week of 16 Nov 2020 up Opened at 8.60, +3.61% above the previous close of 8.30.
- week of 09 Nov 2020 up Opened at 8.55, +3.64% above the previous close of 8.25.
- week of 02 Nov 2020 up Opened at 8.60, +2.38% above the previous close of 8.40.