In progress now Gap at the open · Runs, breaks and structure · reading up
23 hits in 25 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 29 Jun 2020
Gap at the open completed on the candle that closed at Mon 29 Jun 2020, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 5.85, +4.46% above the previous close of 5.60.
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 14 earlier hits on this name's daily candles, the close 10 sessions later went the hit's way 14 times of 14 (100%). Median move in the hit's direction +27.18%; best +38.32%, worst +1.68%. Within the window the move typically reached +30.08% in the hit's favour and +4.62% 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
- Mon 29 Jun 2020 up Opened at 5.85, +4.46% above the previous close of 5.60.
- Mon 22 Jun 2020 up Opened at 5.60, +4.67% above the previous close of 5.35.
- Mon 15 Jun 2020 up Opened at 5.55, +4.72% above the previous close of 5.30.
- Mon 08 Jun 2020 down Opened at 4.80, -4.95% below the previous close of 5.05.
- Mon 01 Jun 2020 down Opened at 5.10, -3.77% below the previous close of 5.30.
- Tue 26 May 2020 down Opened at 5.30, -4.50% below the previous close of 5.55.
- Mon 18 May 2020 down Opened at 5.55, -4.31% below the previous close of 5.80.
- Mon 11 May 2020 down Opened at 6.00, -1.64% below the previous close of 6.10.
- Mon 04 May 2020 up Opened at 6.50, +4.84% above the previous close of 6.20.
- Mon 20 Apr 2020 down Opened at 5.45, -9.17% below the previous close of 6.00.
- Tue 07 Apr 2020 down Opened at 6.00, -4.76% below the previous close of 6.30.
- Mon 30 Mar 2020 down Opened at 6.30, -4.55% below the previous close of 6.60.