In progress now Gap at the open · Runs, breaks and structure · reading down
48 hits in 76 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 21 Jun 2021
Gap at the open completed on the candle that closed at week of 21 Jun 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 1.30, -3.70% below the previous close of 1.35.
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 45 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) 24 times of 45 (53%). Median move in the hit's direction +7.14%; best +78.57%, worst -61.54%. Within the window the move typically reached +19.05% in the hit's favour and -14.29% 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 21 Jun 2021 down Opened at 1.30, -3.70% below the previous close of 1.35.
- week of 31 May 2021 up Opened at 1.20, +4.35% above the previous close of 1.15.
- week of 24 May 2021 down Opened at 1.00, -4.76% below the previous close of 1.05.
- week of 17 May 2021 up Opened at 1.30, +4.00% above the previous close of 1.25.
- week of 10 May 2021 up Opened at 1.10, +4.76% above the previous close of 1.05.
- week of 03 May 2021 up Opened at 0.85, +6.25% above the previous close of 0.80.
- week of 26 Apr 2021 up Opened at 0.70, +7.69% above the previous close of 0.65.
- week of 19 Apr 2021 down Opened at 0.65, -7.14% below the previous close of 0.70.
- week of 12 Apr 2021 up Opened at 0.75, +7.14% above the previous close of 0.70.
- week of 29 Mar 2021 down Opened at 0.65, -7.14% below the previous close of 0.70.
- week of 22 Mar 2021 down Opened at 0.85, -5.56% below the previous close of 0.90.
- week of 08 Mar 2021 up Opened at 0.70, +7.69% above the previous close of 0.65.