In progress now Gap at the open · Runs, breaks and structure · reading down
90 hits in 121 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 26 Dec 2022
Gap at the open completed on the candle that closed at week of 26 Dec 2022, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 7.05, -4.08% below the previous close of 7.35.
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 86 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) 44 times of 86 (51%). Median move in the hit's direction +0.70%; best +83.92%, worst -84.58%. Within the window the move typically reached +12.77% in the hit's favour and -11.27% 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
- week of 26 Dec 2022 down Opened at 7.05, -4.08% below the previous close of 7.35.
- week of 19 Dec 2022 up Opened at 8.90, +9.88% above the previous close of 8.10.
- week of 12 Dec 2022 down Opened at 6.75, -4.93% below the previous close of 7.10.
- week of 05 Dec 2022 down Opened at 7.10, -4.70% below the previous close of 7.45.
- week of 28 Nov 2022 down Opened at 7.45, -4.49% below the previous close of 7.80.
- week of 21 Nov 2022 down Opened at 7.80, -4.88% below the previous close of 8.20.
- week of 14 Nov 2022 down Opened at 8.30, -3.49% below the previous close of 8.60.
- week of 07 Nov 2022 up Opened at 7.85, +4.67% above the previous close of 7.50.
- week of 31 Oct 2022 down Opened at 6.70, -4.96% below the previous close of 7.05.
- week of 24 Oct 2022 down Opened at 7.05, -4.73% below the previous close of 7.40.
- week of 17 Oct 2022 down Opened at 7.40, -4.52% below the previous close of 7.75.
- week of 10 Oct 2022 down Opened at 7.75, -4.91% below the previous close of 8.15.