In progress now Gap at the open · Runs, breaks and structure · reading up
353 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 05 Sep 2022
Gap at the open completed on the candle that closed at Mon 05 Sep 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 72.70, +2.68% above the previous close of 70.80.
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 343 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) 188 times of 343 (55%). Median move in the hit's direction +1.25%; best +84.47%, worst -60.26%. Within the window the move typically reached +9.99% in the hit's favour and -6.23% 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
- Mon 05 Sep 2022 up Opened at 72.70, +2.68% above the previous close of 70.80.
- Mon 29 Aug 2022 down Opened at 71.00, -3.60% below the previous close of 73.65.
- Mon 22 Aug 2022 up Opened at 80.70, +4.94% above the previous close of 76.90.
- Tue 16 Aug 2022 up Opened at 76.90, +10.17% above the previous close of 69.80.
- Mon 01 Aug 2022 up Opened at 69.80, +4.96% above the previous close of 66.50.
- Mon 25 Jul 2022 up Opened at 66.50, +4.97% above the previous close of 63.35.
- Mon 18 Jul 2022 up Opened at 63.35, +4.97% above the previous close of 60.35.
- Mon 11 Jul 2022 up Opened at 60.30, +4.87% above the previous close of 57.50.
- Mon 04 Jul 2022 up Opened at 57.45, +4.84% above the previous close of 54.80.
- Mon 27 Jun 2022 down Opened at 50.55, -4.98% below the previous close of 53.20.
- Mon 20 Jun 2022 down Opened at 54.30, -3.04% below the previous close of 56.00.
- Mon 13 Jun 2022 down Opened at 56.00, -4.92% below the previous close of 58.90.