In progress now Gap at the open · Runs, breaks and structure · reading down
154 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 05 Aug 2024
Gap at the open completed on the candle that closed at Mon 05 Aug 2024, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 123.99, -2.60% below the previous close of 127.30.
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 151 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) 80 times of 151 (53%). Median move in the hit's direction +0.82%; best +23.18%, worst -24.80%. Within the window the move typically reached +7.53% in the hit's favour and -6.12% 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
- Mon 05 Aug 2024 down Opened at 123.99, -2.60% below the previous close of 127.30.
- Fri 02 Aug 2024 down Opened at 128.88, -1.40% below the previous close of 130.71.
- Mon 29 Jul 2024 up Opened at 147.80, +1.20% above the previous close of 146.05.
- Tue 16 Jul 2024 up Opened at 151.00, +1.72% above the previous close of 148.45.
- Mon 15 Jul 2024 up Opened at 135.00, +2.88% above the previous close of 131.22.
- Tue 02 Jul 2024 up Opened at 133.00, +1.13% above the previous close of 131.51.
- Wed 26 Jun 2024 up Opened at 131.60, +1.19% above the previous close of 130.05.
- Tue 25 Jun 2024 up Opened at 130.00, +1.08% above the previous close of 128.61.
- Wed 12 Jun 2024 up Opened at 130.55, +1.04% above the previous close of 129.21.
- Mon 10 Jun 2024 up Opened at 130.10, +1.17% above the previous close of 128.60.
- Fri 07 Jun 2024 up Opened at 124.70, +1.05% above the previous close of 123.40.
- Thu 06 Jun 2024 up Opened at 123.95, +2.10% above the previous close of 121.40.