In progress now Gap at the open · Runs, breaks and structure · reading down
196 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 20 Apr 2023
Gap at the open completed on the candle that closed at Thu 20 Apr 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 32.90, -1.05% below the previous close of 33.25.
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 192 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) 86 times of 192 (45%). Median move in the hit's direction -1.59%; best +22.30%, worst -21.77%. Within the window the move typically reached +4.94% in the hit's favour and -5.80% against it. On this name it has more often gone the other way.
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
- Thu 20 Apr 2023 down Opened at 32.90, -1.05% below the previous close of 33.25.
- Tue 18 Apr 2023 up Opened at 34.30, +1.18% above the previous close of 33.90.
- Tue 11 Apr 2023 up Opened at 33.35, +1.37% above the previous close of 32.90.
- Wed 05 Apr 2023 down Opened at 31.15, -1.58% below the previous close of 31.65.
- Mon 03 Apr 2023 up Opened at 30.85, +1.48% above the previous close of 30.40.
- Tue 28 Mar 2023 down Opened at 29.80, -1.81% below the previous close of 30.35.
- Fri 24 Mar 2023 up Opened at 31.95, +1.43% above the previous close of 31.50.
- Wed 22 Mar 2023 up Opened at 32.00, +1.11% above the previous close of 31.65.
- Tue 21 Mar 2023 up Opened at 32.15, +1.26% above the previous close of 31.75.
- Mon 20 Mar 2023 down Opened at 32.00, -1.08% below the previous close of 32.35.
- Tue 14 Mar 2023 up Opened at 33.15, +1.38% above the previous close of 32.70.
- Wed 08 Mar 2023 down Opened at 33.50, -1.47% below the previous close of 34.00.