Just hit Gap at the open · Runs, breaks and structure · reading down
191 hits in 258 candles · test this one alone Sign in to be alertedHit 1 session ago — Fri 08 Jan 2021
Gap at the open completed on the daily candle of Fri 08 Jan 2021, a down reading, 1 session before the latest one (which closed at Mon 11 Jan 2021 at 31.00). Since the hit the close has moved +4.91%.
What the candles did
Opened at 30.40, -1.30% below the previous close of 30.80.
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 187 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) 102 times of 187 (54%). Median move in the hit's direction +2.08%; best +202.86%, worst -39.39%. Within the window the move typically reached +10.09% in the hit's favour and -8.77% 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
- Fri 08 Jan 2021 down Opened at 30.40, -1.30% below the previous close of 30.80.
- Tue 05 Jan 2021 up Opened at 33.60, +3.07% above the previous close of 32.60.
- Mon 04 Jan 2021 up Opened at 32.00, +7.93% above the previous close of 29.65.
- Wed 30 Dec 2020 up Opened at 26.50, +3.11% above the previous close of 25.70.
- Mon 28 Dec 2020 down Opened at 25.50, -1.16% below the previous close of 25.80.
- Thu 24 Dec 2020 up Opened at 26.70, +2.69% above the previous close of 26.00.
- Wed 23 Dec 2020 up Opened at 25.00, +3.09% above the previous close of 24.25.
- Tue 22 Dec 2020 down Opened at 24.00, -1.03% below the previous close of 24.25.
- Fri 18 Dec 2020 up Opened at 27.40, +1.67% above the previous close of 26.95.
- Wed 16 Dec 2020 down Opened at 25.60, -6.23% below the previous close of 27.30.
- Tue 15 Dec 2020 up Opened at 28.45, +2.71% above the previous close of 27.70.
- Mon 14 Dec 2020 up Opened at 25.75, +1.98% above the previous close of 25.25.