In progress now Gap at the open · Runs, breaks and structure · reading up
259 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 05 Jan 2023
Gap at the open completed on the candle that closed at Thu 05 Jan 2023, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 183.80, +2.31% above the previous close of 179.65.
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 257 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) 133 times of 257 (52%). Median move in the hit's direction +0.20%; best +22.94%, worst -18.80%. Within the window the move typically reached +6.14% in the hit's favour and -4.76% 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
- Thu 05 Jan 2023 up Opened at 183.80, +2.31% above the previous close of 179.65.
- Tue 27 Dec 2022 up Opened at 189.15, +1.64% above the previous close of 186.10.
- Wed 21 Dec 2022 down Opened at 193.05, -1.20% below the previous close of 195.40.
- Mon 19 Dec 2022 up Opened at 195.55, +1.96% above the previous close of 191.80.
- Tue 13 Dec 2022 up Opened at 201.95, +1.74% above the previous close of 198.50.
- Mon 12 Dec 2022 up Opened at 204.00, +2.10% above the previous close of 199.80.
- Thu 08 Dec 2022 up Opened at 199.45, +1.24% above the previous close of 197.00.
- Wed 07 Dec 2022 up Opened at 198.75, +1.04% above the previous close of 196.70.
- Tue 06 Dec 2022 up Opened at 200.40, +1.37% above the previous close of 197.70.
- Tue 29 Nov 2022 down Opened at 186.00, -1.82% below the previous close of 189.45.
- Mon 28 Nov 2022 up Opened at 188.00, +2.59% above the previous close of 183.25.
- Thu 24 Nov 2022 up Opened at 184.00, +2.65% above the previous close of 179.25.