In progress now Gap at the open · Runs, breaks and structure · reading down
90 hits in 110 candles · test this one alone Sign in to be alertedHit on the latest weekly candle — week of 06 Feb 2023
Gap at the open completed on the candle that closed at week of 06 Feb 2023, a down reading. That is the newest candle on file, so this is in progress now.
What the candles did
Opened at 2.50, -1.96% below the previous close of 2.55.
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) 46 times of 86 (54%). Median move in the hit's direction +1.93%; best +129.46%, worst -75.00%. Within the window the move typically reached +14.95% in the hit's favour and -12.68% 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 06 Feb 2023 down Opened at 2.50, -1.96% below the previous close of 2.55.
- week of 30 Jan 2023 down Opened at 2.75, -1.79% below the previous close of 2.80.
- week of 23 Jan 2023 down Opened at 2.95, -1.67% below the previous close of 3.00.
- week of 16 Jan 2023 down Opened at 3.20, -1.54% below the previous close of 3.25.
- week of 09 Jan 2023 down Opened at 3.45, -1.43% below the previous close of 3.50.
- week of 02 Jan 2023 down Opened at 3.70, -3.90% below the previous close of 3.85.
- week of 26 Dec 2022 down Opened at 4.65, -4.12% below the previous close of 4.85.
- week of 19 Dec 2022 down Opened at 5.85, -4.88% below the previous close of 6.15.
- week of 12 Dec 2022 down Opened at 7.45, -4.49% below the previous close of 7.80.
- week of 21 Mar 2022 down Opened at 7.80, -4.88% below the previous close of 8.20.
- week of 14 Mar 2022 down Opened at 8.30, -1.78% below the previous close of 8.45.
- week of 07 Mar 2022 up Opened at 9.10, +2.82% above the previous close of 8.85.