Just hit Gap at the open · Runs, breaks and structure · reading down
35 hits in 110 candles · test this one alone Sign in to be alertedHit 1 week ago — week of 06 Feb 2023
Gap at the open completed on the weekly candle of week of 06 Feb 2023, a down reading, 1 week before the latest one (which closed at week of 13 Feb 2023 at 508.85). Since the hit the close has moved +1.04%.
What the candles did
Opened at 491.00, -1.56% below the previous close of 498.80.
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 34 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) 17 times of 34 (50%). Median move in the hit's direction -0.13%; best +12.96%, worst -18.90%. Within the window the move typically reached +6.62% in the hit's favour and -7.22% 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 06 Feb 2023 down Opened at 491.00, -1.56% below the previous close of 498.80.
- week of 02 Jan 2023 down Opened at 491.15, -1.69% below the previous close of 499.60.
- week of 19 Dec 2022 up Opened at 541.05, +1.27% above the previous close of 534.25.
- week of 17 Oct 2022 down Opened at 494.25, -1.13% below the previous close of 499.90.
- week of 10 Oct 2022 down Opened at 507.65, -1.48% below the previous close of 515.30.
- week of 12 Sep 2022 up Opened at 517.00, +4.67% above the previous close of 493.95.
- week of 29 Aug 2022 down Opened at 504.60, -1.18% below the previous close of 510.65.
- week of 22 Aug 2022 down Opened at 486.00, -1.43% below the previous close of 493.05.
- week of 15 Aug 2022 up Opened at 555.00, +1.09% above the previous close of 549.00.
- week of 27 Jun 2022 up Opened at 514.80, +2.13% above the previous close of 504.05.
- week of 13 Jun 2022 down Opened at 464.95, -1.45% below the previous close of 471.80.
- week of 02 May 2022 down Opened at 496.00, -1.04% below the previous close of 501.20.