In progress now Gap at the open · Runs, breaks and structure · reading up
280 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 07 Nov 2024
Gap at the open completed on the candle that closed at Thu 07 Nov 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 36.69, +2.03% above the previous close of 35.96.
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 273 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) 120 times of 273 (44%). Median move in the hit's direction -1.20%; best +69.73%, worst -46.18%. Within the window the move typically reached +4.92% in the hit's favour and -5.29% against it. On this name it has more often gone the other way.
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
- Thu 07 Nov 2024 up Opened at 36.69, +2.03% above the previous close of 35.96.
- Wed 06 Nov 2024 up Opened at 35.99, +1.61% above the previous close of 35.42.
- Tue 05 Nov 2024 up Opened at 36.05, +1.78% above the previous close of 35.42.
- Mon 04 Nov 2024 up Opened at 36.84, +2.05% above the previous close of 36.10.
- Fri 01 Nov 2024 up Opened at 35.99, +1.24% above the previous close of 35.55.
- Thu 31 Oct 2024 down Opened at 34.07, -3.32% below the previous close of 35.24.
- Fri 25 Oct 2024 down Opened at 35.01, -1.96% below the previous close of 35.71.
- Thu 24 Oct 2024 down Opened at 36.21, -1.68% below the previous close of 36.83.
- Tue 22 Oct 2024 up Opened at 38.20, +1.19% above the previous close of 37.75.
- Mon 21 Oct 2024 down Opened at 38.00, -1.27% below the previous close of 38.49.
- Thu 17 Oct 2024 down Opened at 38.01, -1.40% below the previous close of 38.55.
- Wed 16 Oct 2024 up Opened at 38.98, +2.18% above the previous close of 38.15.