In progress now Gap at the open · Runs, breaks and structure · reading up
210 hits in 288 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Fri 12 Mar 2021
Gap at the open completed on the candle that closed at Fri 12 Mar 2021, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 11.95, +2.14% above the previous close of 11.70.
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 204 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) 110 times of 204 (54%). Median move in the hit's direction +1.51%; best +57.24%, worst -40.14%. Within the window the move typically reached +9.29% in the hit's favour and -6.87% 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
- Fri 12 Mar 2021 up Opened at 11.95, +2.14% above the previous close of 11.70.
- Mon 08 Mar 2021 down Opened at 10.80, -4.85% below the previous close of 11.35.
- Fri 05 Mar 2021 up Opened at 11.20, +3.23% above the previous close of 10.85.
- Wed 03 Mar 2021 up Opened at 11.45, +4.57% above the previous close of 10.95.
- Mon 01 Mar 2021 up Opened at 10.90, +1.87% above the previous close of 10.70.
- Fri 26 Feb 2021 up Opened at 10.80, +1.89% above the previous close of 10.60.
- Thu 25 Feb 2021 down Opened at 10.50, -1.87% below the previous close of 10.70.
- Fri 19 Feb 2021 down Opened at 10.75, -3.59% below the previous close of 11.15.
- Thu 18 Feb 2021 down Opened at 11.10, -3.06% below the previous close of 11.45.
- Wed 17 Feb 2021 down Opened at 11.70, -2.90% below the previous close of 12.05.
- Tue 16 Feb 2021 down Opened at 11.60, -1.28% below the previous close of 11.75.
- Fri 12 Feb 2021 up Opened at 11.70, +3.54% above the previous close of 11.30.