In progress now Gap at the open · Runs, breaks and structure · reading up
26 hits in 111 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 07 Oct 2024
Gap at the open completed on the candle that closed at week of 07 Oct 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 110.52, +1.20% above the previous close of 109.21.
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 24 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) 12 times of 24 (50%). Median move in the hit's direction +0.77%; best +10.63%, worst -13.82%. Within the window the move typically reached +6.18% in the hit's favour and -3.90% 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 07 Oct 2024 up Opened at 110.52, +1.20% above the previous close of 109.21.
- week of 30 Sep 2024 up Opened at 113.05, +1.03% above the previous close of 111.90.
- week of 26 Aug 2024 up Opened at 113.40, +1.15% above the previous close of 112.11.
- week of 05 Aug 2024 down Opened at 107.40, -1.42% below the previous close of 108.95.
- week of 29 Jul 2024 down Opened at 110.50, -1.44% below the previous close of 112.12.
- week of 03 Jun 2024 up Opened at 118.80, +4.81% above the previous close of 113.35.
- week of 29 Apr 2024 down Opened at 123.00, -3.34% below the previous close of 127.25.
- week of 08 Apr 2024 up Opened at 119.00, +1.28% above the previous close of 117.50.
- week of 01 Apr 2024 up Opened at 111.90, +1.08% above the previous close of 110.70.
- week of 04 Mar 2024 up Opened at 119.00, +1.23% above the previous close of 117.55.
- week of 22 Jan 2024 down Opened at 120.65, -3.13% below the previous close of 124.55.
- week of 04 Dec 2023 up Opened at 120.75, +1.47% above the previous close of 119.00.