In progress now Gap at the open · Runs, breaks and structure · reading up
306 hits in 455 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 04 Jan 2022
Gap at the open completed on the candle that closed at Tue 04 Jan 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 17.15, +2.08% above the previous close of 16.80.
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 298 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) 147 times of 298 (49%). Median move in the hit's direction -0.00%; best +32.58%, worst -43.02%. Within the window the move typically reached +7.95% in the hit's favour and -7.85% 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
- Tue 04 Jan 2022 up Opened at 17.15, +2.08% above the previous close of 16.80.
- Mon 03 Jan 2022 up Opened at 17.10, +2.09% above the previous close of 16.75.
- Fri 31 Dec 2021 up Opened at 16.95, +2.42% above the previous close of 16.55.
- Wed 29 Dec 2021 up Opened at 16.75, +2.13% above the previous close of 16.40.
- Tue 28 Dec 2021 up Opened at 17.30, +2.06% above the previous close of 16.95.
- Mon 27 Dec 2021 down Opened at 15.75, -3.08% below the previous close of 16.25.
- Thu 23 Dec 2021 up Opened at 17.75, +9.23% above the previous close of 16.25.
- Wed 22 Dec 2021 up Opened at 15.70, +6.08% above the previous close of 14.80.
- Tue 21 Dec 2021 down Opened at 14.15, -5.03% below the previous close of 14.90.
- Mon 20 Dec 2021 down Opened at 15.50, -1.59% below the previous close of 15.75.
- Fri 17 Dec 2021 up Opened at 16.80, +5.99% above the previous close of 15.85.
- Wed 15 Dec 2021 up Opened at 17.70, +4.73% above the previous close of 16.90.