In progress now Gap at the open · Runs, breaks and structure · reading down
23 hits in 55 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 11 Jan 2021
Gap at the open completed on the candle that closed at week of 11 Jan 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 0.70, -6.67% below the previous close of 0.75.
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 20 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) 13 times of 20 (65%). Median move in the hit's direction +11.81%; best +114.29%, worst -50.00%. Within the window the move typically reached +21.11% in the hit's favour and -10.00% against it.
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 11 Jan 2021 down Opened at 0.70, -6.67% below the previous close of 0.75.
- week of 04 Jan 2021 down Opened at 0.70, -6.67% below the previous close of 0.75.
- week of 28 Dec 2020 up Opened at 0.65, +8.33% above the previous close of 0.60.
- week of 07 Dec 2020 down Opened at 0.35, -12.50% below the previous close of 0.40.
- week of 28 Sep 2020 up Opened at 0.50, +11.11% above the previous close of 0.45.
- week of 21 Sep 2020 down Opened at 0.40, -11.11% below the previous close of 0.45.
- week of 14 Sep 2020 up Opened at 0.45, +12.50% above the previous close of 0.40.
- week of 17 Aug 2020 down Opened at 0.45, -10.00% below the previous close of 0.50.
- week of 10 Aug 2020 down Opened at 0.55, -8.33% below the previous close of 0.60.
- week of 03 Aug 2020 down Opened at 0.60, -7.69% below the previous close of 0.65.
- week of 27 Jul 2020 down Opened at 0.65, -7.14% below the previous close of 0.70.
- week of 20 Jul 2020 down Opened at 0.70, -6.67% below the previous close of 0.75.