In progress now Gap at the open · Runs, breaks and structure · reading up
67 hits in 112 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 29 Jul 2024
Gap at the open completed on the candle that closed at week of 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 64 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) 33 times of 64 (52%). Median move in the hit's direction +0.83%; best +30.06%, worst -25.28%. Within the window the move typically reached +6.61% in the hit's favour and -8.59% 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
- week of 29 Jul 2024 up Opened at 12.66, +4.89% above the previous close of 12.07.
- week of 22 Jul 2024 down Opened at 11.20, -1.32% below the previous close of 11.35.
- week of 08 Jul 2024 down Opened at 12.01, -2.12% below the previous close of 12.27.
- week of 01 Jul 2024 up Opened at 12.87, +1.90% above the previous close of 12.63.
- week of 24 Jun 2024 up Opened at 14.50, +1.40% above the previous close of 14.30.
- week of 17 Jun 2024 up Opened at 10.00, +1.01% above the previous close of 9.90.
- week of 10 Jun 2024 up Opened at 9.95, +1.02% above the previous close of 9.85.
- week of 13 May 2024 up Opened at 10.05, +1.01% above the previous close of 9.95.
- week of 06 May 2024 up Opened at 10.30, +1.48% above the previous close of 10.15.
- week of 08 Apr 2024 up Opened at 10.55, +1.44% above the previous close of 10.40.
- week of 01 Apr 2024 down Opened at 8.80, -1.12% below the previous close of 8.90.
- week of 25 Mar 2024 up Opened at 9.95, +1.02% above the previous close of 9.85.