In progress now Gap at the open · Runs, breaks and structure · reading down
57 hits in 81 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 02 Aug 2021
Gap at the open completed on the candle that closed at week of 02 Aug 2021, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 1.85, -2.63% below the previous close of 1.90.
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 54 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) 31 times of 54 (57%). Median move in the hit's direction +5.01%; best +56.25%, worst -85.71%. Within the window the move typically reached +14.53% in the hit's favour and -7.23% 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
- week of 02 Aug 2021 down Opened at 1.85, -2.63% below the previous close of 1.90.
- week of 19 Jul 2021 down Opened at 1.85, -2.63% below the previous close of 1.90.
- week of 12 Jul 2021 up Opened at 1.95, +2.63% above the previous close of 1.90.
- week of 05 Jul 2021 up Opened at 1.95, +2.63% above the previous close of 1.90.
- week of 28 Jun 2021 up Opened at 2.10, +5.00% above the previous close of 2.00.
- week of 14 Jun 2021 down Opened at 1.95, -2.50% below the previous close of 2.00.
- week of 10 May 2021 down Opened at 1.90, -5.00% below the previous close of 2.00.
- week of 26 Apr 2021 down Opened at 1.95, -4.88% below the previous close of 2.05.
- week of 19 Apr 2021 down Opened at 2.05, -4.65% below the previous close of 2.15.
- week of 05 Apr 2021 down Opened at 2.25, -4.26% below the previous close of 2.35.
- week of 29 Mar 2021 down Opened at 2.35, -4.08% below the previous close of 2.45.
- week of 22 Mar 2021 down Opened at 2.45, -3.92% below the previous close of 2.55.