In progress now Gap at the open · Runs, breaks and structure · reading up
328 hits in 520 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Tue 23 Jan 2024
Gap at the open completed on the candle that closed at Tue 23 Jan 2024, an up reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 3.75, +1.35% above the previous close of 3.70.
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 318 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) 187 times of 318 (59%). Median move in the hit's direction +5.56%; best +50.00%, worst -42.86%. Within the window the move typically reached +13.33% in the hit's favour and -2.94% 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
- Tue 23 Jan 2024 up Opened at 3.75, +1.35% above the previous close of 3.70.
- Sat 20 Jan 2024 up Opened at 3.70, +1.37% above the previous close of 3.65.
- Fri 19 Jan 2024 up Opened at 3.65, +1.39% above the previous close of 3.60.
- Thu 18 Jan 2024 up Opened at 3.60, +1.41% above the previous close of 3.55.
- Wed 17 Jan 2024 up Opened at 3.55, +1.43% above the previous close of 3.50.
- Tue 16 Jan 2024 up Opened at 3.50, +1.45% above the previous close of 3.45.
- Mon 15 Jan 2024 up Opened at 3.45, +1.47% above the previous close of 3.40.
- Fri 12 Jan 2024 up Opened at 3.40, +1.49% above the previous close of 3.35.
- Thu 11 Jan 2024 up Opened at 3.35, +1.52% above the previous close of 3.30.
- Wed 10 Jan 2024 up Opened at 3.30, +1.54% above the previous close of 3.25.
- Tue 09 Jan 2024 up Opened at 3.25, +1.56% above the previous close of 3.20.
- Mon 08 Jan 2024 up Opened at 3.20, +1.59% above the previous close of 3.15.