Just hit Gap at the open · Runs, breaks and structure · reading up
43 hits in 110 candles · test this one alone Sign in to be alertedHit 1 week ago — week of 14 Oct 2024
Gap at the open completed on the weekly candle of week of 14 Oct 2024, an up reading, 1 week before the latest one (which closed at week of 21 Oct 2024 at 1,633.50). Since the hit the close has moved -3.09%.
What the candles did
Opened at 1,710.00, +1.32% above the previous close of 1,687.65.
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 40 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) 16 times of 40 (40%). Median move in the hit's direction -2.19%; best +26.07%, worst -24.81%. Within the window the move typically reached +6.77% in the hit's favour and -6.31% 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
- week of 14 Oct 2024 up Opened at 1,710.00, +1.32% above the previous close of 1,687.65.
- week of 07 Oct 2024 up Opened at 1,744.00, +4.98% above the previous close of 1,661.30.
- week of 30 Sep 2024 up Opened at 1,698.00, +1.24% above the previous close of 1,677.15.
- week of 16 Sep 2024 up Opened at 1,792.90, +1.70% above the previous close of 1,762.95.
- week of 26 Aug 2024 up Opened at 1,838.80, +3.59% above the previous close of 1,775.15.
- week of 12 Aug 2024 up Opened at 1,569.00, +4.87% above the previous close of 1,496.15.
- week of 05 Aug 2024 down Opened at 1,402.00, -3.70% below the previous close of 1,455.90.
- week of 29 Jul 2024 up Opened at 1,574.90, +2.68% above the previous close of 1,533.85.
- week of 15 Jul 2024 up Opened at 1,549.95, +1.58% above the previous close of 1,525.85.
- week of 24 Jun 2024 up Opened at 1,564.00, +1.54% above the previous close of 1,540.30.
- week of 17 Jun 2024 up Opened at 1,655.05, +5.00% above the previous close of 1,576.25.
- week of 10 Jun 2024 up Opened at 1,300.00, +2.69% above the previous close of 1,265.95.