In progress now Gap at the open · Runs, breaks and structure · reading up
40 hits in 64 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 11 Jan 2022
Gap at the open completed on the candle that closed at Tue 11 Jan 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 19.50, +4.84% above the previous close of 18.60.
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 33 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) 20 times of 33 (61%). Median move in the hit's direction +6.78%; best +188.89%, worst -14.41%. Within the window the move typically reached +12.80% in the hit's favour and -6.31% 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 12 hits on this name
- Tue 11 Jan 2022 up Opened at 19.50, +4.84% above the previous close of 18.60.
- Mon 10 Jan 2022 up Opened at 18.60, +279.59% above the previous close of 4.90.
- Mon 28 Sep 2020 down Opened at 5.25, -10.26% below the previous close of 5.85.
- Fri 10 Jul 2020 down Opened at 5.80, -3.33% below the previous close of 6.00.
- Thu 09 Jul 2020 up Opened at 6.25, +4.17% above the previous close of 6.00.
- Tue 07 Jul 2020 down Opened at 5.90, -4.07% below the previous close of 6.15.
- Thu 02 Jul 2020 up Opened at 7.00, +3.70% above the previous close of 6.75.
- Wed 01 Jul 2020 up Opened at 6.75, +4.65% above the previous close of 6.45.
- Tue 30 Jun 2020 up Opened at 6.35, +3.25% above the previous close of 6.15.
- Fri 26 Jun 2020 up Opened at 6.90, +3.76% above the previous close of 6.65.
- Thu 25 Jun 2020 up Opened at 7.05, +4.44% above the previous close of 6.75.
- Wed 24 Jun 2020 up Opened at 6.80, +3.82% above the previous close of 6.55.