In progress now Gap at the open · Runs, breaks and structure · reading up
360 hits in 473 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Thu 07 Apr 2022
Gap at the open completed on the candle that closed at Thu 07 Apr 2022, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 30.90, +2.83% above the previous close of 30.05.
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 350 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) 225 times of 350 (64%). Median move in the hit's direction +14.76%; best +140.00%, worst -83.33%. Within the window the move typically reached +22.77% in the hit's favour and -4.35% 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
- Thu 07 Apr 2022 up Opened at 30.90, +2.83% above the previous close of 30.05.
- Wed 06 Apr 2022 down Opened at 28.00, -3.28% below the previous close of 28.95.
- Tue 05 Apr 2022 up Opened at 31.60, +4.98% above the previous close of 30.10.
- Mon 04 Apr 2022 up Opened at 29.80, +3.83% above the previous close of 28.70.
- Fri 01 Apr 2022 up Opened at 28.45, +4.02% above the previous close of 27.35.
- Thu 31 Mar 2022 up Opened at 27.35, +4.99% above the previous close of 26.05.
- Wed 30 Mar 2022 down Opened at 24.15, -2.82% below the previous close of 24.85.
- Tue 29 Mar 2022 down Opened at 24.90, -4.78% below the previous close of 26.15.
- Mon 28 Mar 2022 up Opened at 28.70, +4.36% above the previous close of 27.50.
- Fri 25 Mar 2022 down Opened at 26.90, -4.95% below the previous close of 28.30.
- Thu 24 Mar 2022 down Opened at 28.30, -4.87% below the previous close of 29.75.
- Wed 23 Mar 2022 down Opened at 29.55, -4.68% below the previous close of 31.00.