In progress now Gap at the open · Runs, breaks and structure · reading up
49 hits in 65 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 22 Aug 2022
Gap at the open completed on the candle that closed at week of 22 Aug 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 14.40, +2.49% above the previous close of 14.05.
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 46 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) 17 times of 46 (37%). Median move in the hit's direction -2.67%; best +44.27%, worst -34.34%. Within the window the move typically reached +12.68% in the hit's favour and -12.86% against it. On this name it has more often gone the other way.
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 22 Aug 2022 up Opened at 14.40, +2.49% above the previous close of 14.05.
- week of 08 Aug 2022 down Opened at 13.50, -2.88% below the previous close of 13.90.
- week of 01 Aug 2022 up Opened at 14.70, +3.52% above the previous close of 14.20.
- week of 25 Jul 2022 down Opened at 13.55, -1.45% below the previous close of 13.75.
- week of 18 Jul 2022 down Opened at 13.05, -3.33% below the previous close of 13.50.
- week of 04 Jul 2022 up Opened at 15.55, +2.98% above the previous close of 15.10.
- week of 27 Jun 2022 down Opened at 12.25, -3.16% below the previous close of 12.65.
- week of 06 Jun 2022 up Opened at 11.45, +5.05% above the previous close of 10.90.
- week of 23 May 2022 up Opened at 12.00, +6.19% above the previous close of 11.30.
- week of 16 May 2022 down Opened at 10.30, -8.04% below the previous close of 11.20.
- week of 09 May 2022 down Opened at 12.00, -2.44% below the previous close of 12.30.
- week of 25 Apr 2022 up Opened at 14.90, +2.76% above the previous close of 14.50.