In progress now Gap at the open · Runs, breaks and structure · reading down
69 hits in 114 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 21 Aug 2023
Gap at the open completed on the candle that closed at week of 21 Aug 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 2.70, -5.26% below the previous close of 2.85.
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 66 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) 38 times of 66 (58%). Median move in the hit's direction +4.94%; best +34.92%, worst -45.76%. Within the window the move typically reached +11.76% in the hit's favour and -1.62% 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 21 Aug 2023 down Opened at 2.70, -5.26% below the previous close of 2.85.
- week of 07 Aug 2023 down Opened at 2.85, -5.00% below the previous close of 3.00.
- week of 17 Jul 2023 down Opened at 3.10, -3.12% below the previous close of 3.20.
- week of 03 Jul 2023 up Opened at 3.30, +4.76% above the previous close of 3.15.
- week of 26 Jun 2023 up Opened at 3.15, +5.00% above the previous close of 3.00.
- week of 05 Jun 2023 up Opened at 3.00, +3.45% above the previous close of 2.90.
- week of 29 May 2023 down Opened at 2.85, -5.00% below the previous close of 3.00.
- week of 22 May 2023 up Opened at 3.30, +4.76% above the previous close of 3.15.
- week of 15 May 2023 up Opened at 3.15, +1.61% above the previous close of 3.10.
- week of 08 May 2023 down Opened at 3.10, -4.62% below the previous close of 3.25.
- week of 24 Apr 2023 down Opened at 3.40, -4.23% below the previous close of 3.55.
- week of 17 Apr 2023 down Opened at 3.50, -4.11% below the previous close of 3.65.