In progress now Gap at the open · Runs, breaks and structure · reading up
313 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 29 Jul 2024
Gap at the open completed on the candle that closed at Mon 29 Jul 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 12.66, +4.89% above the previous close of 12.07.
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 306 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) 136 times of 306 (44%). Median move in the hit's direction -0.50%; best +48.96%, worst -31.28%. Within the window the move typically reached +5.41% in the hit's favour and -6.79% 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
- Mon 29 Jul 2024 up Opened at 12.66, +4.89% above the previous close of 12.07.
- Fri 26 Jul 2024 up Opened at 12.37, +4.48% above the previous close of 11.84.
- Thu 25 Jul 2024 down Opened at 11.11, -2.46% below the previous close of 11.39.
- Wed 24 Jul 2024 down Opened at 11.05, -1.25% below the previous close of 11.19.
- Tue 23 Jul 2024 down Opened at 10.50, -4.63% below the previous close of 11.01.
- Mon 22 Jul 2024 down Opened at 11.20, -1.32% below the previous close of 11.35.
- Tue 16 Jul 2024 up Opened at 12.50, +1.87% above the previous close of 12.27.
- Wed 10 Jul 2024 up Opened at 12.73, +1.68% above the previous close of 12.52.
- Tue 09 Jul 2024 down Opened at 11.71, -1.84% below the previous close of 11.93.
- Mon 08 Jul 2024 down Opened at 12.01, -2.12% below the previous close of 12.27.
- Fri 05 Jul 2024 up Opened at 12.70, +1.60% above the previous close of 12.50.
- Wed 03 Jul 2024 down Opened at 12.01, -3.38% below the previous close of 12.43.